THE MIDDLE EAST’S

29. CoinMENA *

Description: Digital assets platform
Headquarters: Bahrain, U.A.E.
Date of Establishment: 2021
Founders: Talal Tabbaa, Dina Sam'an

CoinMENA is a cryptocurrency platform that allows users to buy, sell, send, receive, and store digital assets. Licensed by the Central Bank of Bahrain and Dubai's Virtual Assets Regulatory Authority, the platform serves 45 countries, including all GCC markets. By the end of 2024, CoinMENA reported a 430% year-on-year increase in trading volume. As of April 2024, it had surpassed a million sign-ups and app downloads. In August 2024, it reached over $2 billion in fiat-to-crypto trading volume. The platform has partnerships with Ripple, Bitpanda, Network International, Zodia Markets, Onramp Bitcoin, and the Mesh network.