whatsapp

Binance Launches Regulated AED Fiat-Crypto Gateway in UAE, Offering Zero Deposit Fees

/media/GA_1YFbsri..webp

Global cryptocurrency exchange Binance has launched a fully regulated AED fiat-to-crypto and crypto-to-fiat gateway in the United Arab Emirates, enabling users to move funds between traditional banking channels and digital assets with greater ease, lower costs, and enhanced security.

The new solution is designed to simplify access to cryptocurrency markets by allowing customers to deposit and withdraw UAE dirhams directly through the country’s banking system. The move marks another milestone in the UAE’s efforts to establish itself as a leading hub for digital asset innovation and regulated financial technology.

Through a direct integration with Abu Dhabi Commercial Bank, Binance users can make AED deposits without any fees. The platform allows deposits starting from Dh10 and supports transactions of up to Dh7.2 million per day. Withdrawals are also available at some of the lowest costs in the market, with the same daily transaction limits.

According to the company, all transfers are processed within the same business day and are conducted entirely in UAE dirhams, eliminating the need for foreign exchange conversions and reducing reliance on third-party intermediaries.

The launch comes as demand for regulated cryptocurrency services continues to grow across the Middle East. Industry participants have increasingly called for solutions that offer greater transparency, security, and compliance while maintaining the convenience expected by modern investors.

Binance said the new service has been built under the UAE’s Client Money Account framework, which is designed to strengthen customer protection and ensure the proper handling of client funds. The company added that the regulated environment provides institutional-grade safeguards aimed at improving trust and confidence among users.

The development is expected to benefit both existing cryptocurrency investors and newcomers seeking regulated access to digital assets. By lowering transaction costs and simplifying the movement of funds between traditional banking systems and crypto platforms, Binance hopes to encourage wider participation in the digital asset market.

Commenting on the launch, Tarik Erk, Head of MENAT and Senior Executive Officer Abu Dhabi at Binance, said the new offering removes many of the compromises that users previously faced when accessing cryptocurrency services.

He noted that UAE customers can now transfer funds between bank accounts and digital assets through a process that is regulated, efficient, and easy to use, helping support broader adoption of cryptocurrencies in the region.

The introduction of the AED gateway also reflects the continued evolution of the UAE’s crypto ecosystem. As the market matures, industry focus is increasingly shifting from experimentation to the development of reliable infrastructure that supports long-term growth.

With direct banking integration, zero-fee deposits, and a regulated operational framework, Binance’s latest initiative underscores the UAE’s growing role in shaping the future of digital finance and cryptocurrency adoption.

Commnets 0
Leave A Comment

Related Posts
© Kuwait Tightens Anti-Money Laundering Rules for Gold and Real Estate

Kuwait Tightens Anti-Money Laundering Rules for Gold and Real Estate

Kuwait has introduced tougher anti-money laundering and counter-terrorist financing requirements for businesses operating in the gold, precious metals and real estate sectors....

© U.S. Defends Trump’s Venezuela Oil Deal as Energy Secretary Lands in Caracas

U.S. Defends Trump’s Venezuela Oil Deal as Energy Secretary Lands in Caracas

The Trump administration is defending its controversial new oil agreement with Venezuela as U.S. Energy Secretary Chris Wright arrives in Caracas to advance the deal, which Washington says could lower...

© Oil Shock Is Turning Filipinos Electric as EV Sales Surge

Oil Shock Is Turning Filipinos Electric as EV Sales Surge

Rising fuel prices are changing the way Filipinos think about buying cars. While the country's overall automobile market is slowing, electric and electrified vehicles are moving in the opposite direct...

© Oil Surges Back Above $90 as U.S.-Iran Tensions Reignite

Oil Surges Back Above $90 as U.S.-Iran Tensions Reignite

Oil prices have climbed sharply again as renewed fighting between the United States and Iran raises fresh concerns about the safety of shipments through the Strait of Hormuz....

© Hyundai Accelerates U.S. Expansion After Years of Strong Market Growth

Hyundai Accelerates U.S. Expansion After Years of Strong Market Growth

Hyundai Motor Group is strengthening its position in the United States after years of rapid growth, with the South Korean automotive giant planning greater local production, a broader vehicle portfoli...

© Dubai International Passenger Traffic Falls 31% in H1 as Recovery Gains Momentum

Dubai International Passenger Traffic Falls 31% in H1 as Recovery Gains Momentum

Dubai International Airport recorded 31.5 million passengers in the first half of 2026, down 31.3% from a year earlier, as regional airspace disruption weighed heavily on flight schedules before traff...

© Türkiye’s Exports to OIC Countries Reach $41.5 Billion in First Seven Months of 2026

Türkiye’s Exports to OIC Countries Reach $41.5 Billion in First Seven Months of 2026

Türkiye’s exports to members of the Organisation of Islamic Cooperation (OIC) reached $41.5 billion in the first seven months of 2026, as the country continued efforts to strengthen commercial ties wi...

© Egypt, UAE Explore Wider Oil and Gas Drilling Partnership

Egypt, UAE Explore Wider Oil and Gas Drilling Partnership

Egypt and the United Arab Emirates are exploring deeper cooperation in oil and gas drilling as Cairo moves ahead with plans to increase domestic production through a broader programme of onshore and o...

© Former JPMorgan Executive Matt Zames Joins Social Security Agency as Advisor

Former JPMorgan Executive Matt Zames Joins Social Security Agency as Advisor

Former JPMorgan Chase executive Matt Zames is set to join the U.S. Social Security Administration in an unpaid advisory role, according to people familiar with the appointment....

© U.S. Treasury Bond Buybacks Offer Short-Term Relief as Debt Concerns Grow

U.S. Treasury Bond Buybacks Offer Short-Term Relief as Debt Concerns Grow

The U.S. Treasury’s decision to expand purchases of longer-term government bonds may ease pressure in the bond market temporarily, but analysts warn it does little to solve America’s broader debt prob...