Binance's new agreement with Bothim Money marks a major push to expand access to secure digital assets in the United Arab Emirates (UAE), highlighting the region's accelerating acceptance of regulated crypto services and its expanding role in the growth of global digital finance.
Binance and Botim Money Memorandum of Understanding Aims for Broader Cryptocurrency Access in UAE
Cryptocurrency exchange Binance announced on December 9 that it has signed a memorandum of understanding (MoU) with Bothim Money to explore expanding access to secure digital assets in the United Arab Emirates (UAE). The agreement, signed at Binance Blockchain Week in Dubai, aims to explore simplified and compliant pathways for customers across the rapidly growing regional market.
The announcement states:
Under this MoU, the two companies are exploring solutions that combine Binance's digital asset expertise and Botim's fintech capabilities for the UAE market. Discussions will focus on identifying practical ways to create secure and compliant access to digital assets.
Catherine Chen, Head of VIP and Institutions at Binance, commented: “Cryptocurrency is no longer a niche asset class, but is increasingly integrated into everyday financial services. Our collaboration with Botim Money to make digital assets accessible to Botim's tech-savvy customers embodies this change. The United Arab Emirates is taking exciting steps to connect traditional finance with digital assets, and we are pleased to continue supporting the local community and ecosystem.” He added that the cooperation aims to expand access to secure digital assets while aligning with the UAE's regulated financial innovation landscape.
read more: Binance CEO: Digital assets are becoming the core of modern finance
Further information from Botim Money strengthens its mission to support underserved and unbanked communities by expanding access to essential financial tools. Chief Strategy Officer Sacha Haider said the platform's domestic and international P2P rails manage large and growing transaction volumes, highlighting its close integration with day-to-day financial activities. Haider explained that introducing crypto capabilities through Binance will provide new ways for customers to participate in the digital economy.
FAQ ⏰
- What is the focus of the MOU between Binance and Botim Money?
The MoU focuses on exploring secure and compliant routes for accessing digital assets in the UAE. - Why does Botim Money partner with Binance?
The partnership aims to add crypto capabilities to Botim Money’s widely used financial platform. - How will this collaboration support financial innovation in the UAE?
This is in line with the country's regulated efforts to link traditional finance and digital assets. - Where was the memorandum signed?
The deal was finalized at Binance Blockchain Week in Dubai.
