M2 ADGM Unveils New Secure and Seamless Bank Account Integration for UAE Residents to Trade Virtual Assets

Abu Dhabi, United Arab Emirates, July 31st, 2024

M2 ADGM Now Facilitates Direct Bank Transactions for Bitcoin and Ethereum Purchases in UAE Dirhams

M2 ADGM, a virtual asset custodian and Multilateral Trading Facility regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi’s Global Market, has announced a new integration that allows UAE residents to buy and sell Bitcoin (BTC) and Ethereum (ETH) directly through their bank accounts using the local currency, UAE Dirhams (AED).

This new feature represents a significant advancement in making virtual assets more accessible in the region. It enables users to easily convert AED into BTC and ETH, and vice versa, using trading pairs available on M2’s spot market. This functionality empowers residents to respond quickly to market fluctuations in a rapidly growing virtual asset landscape both locally and globally.

M2 ADGM is governed by the FSRA, known as one of the most stringent regulators for virtual assets worldwide. The newly established banking integration leverages a secure banking infrastructure, reinforcing M2 ADGM’s commitment to delivering a secure trading environment and ensuring compliance with industry regulations.

Stefan Kimmel, CEO of M2, commented on the launch: “With this compliant integration, UAE residents can utilize their trusted banking services alongside our platform’s cutting-edge security and capabilities. This initiative is a significant step in our efforts to enhance service offerings for the MENA region and streamline the interaction between traditional finance and virtual assets.”

About M2

Based in Abu Dhabi, M2 aims to promote the adoption of virtual assets in the UAE by providing a secure and transparent trading experience for investors. The platform offers a diverse range of virtual asset products while maintaining strict adherence to regulations. Both M2 Limited and M2 Custody Limited are committed to ensuring a safe trading environment, upholding the highest standards of regulatory compliance.

For further information, please contact:
Junior Consultant
Jacob McGoldrick
CW8 Communications
Email: [email protected]

This article highlights M2 ADGM’s significant strides in facilitating seamless access to virtual assets for UAE residents.