CoinMENA, a leading digital assets exchange in the Middle East and North Africa region, is expanding its services to Egypt from its base in Bahrain. 

This is the latest in a series of fast expansions by the exchange within one year of operations, supporting residents from seven countries, including the UAE, KSA, Kuwait, Oman, Qatar, and now Egypt.

In a joint statement, CoinMENA Founders Dina Sam’an and Talal Tabbaa commented: “We are excited to be able to onboard residents of Egypt to our platform from our base in Bahrain. Egypt has the largest population and one of the highest crypto adoption rates in the region. This brings us a step closer towards our goal of providing access to digital assets throughout the MENA region.”

The MENA-based exchange also added a number of new features recently, entering into a partnership with Visa to offer the CoinMENA Visa Card, which can be used at millions of merchants worldwide, and limiting order trading and USDT withdrawals via the TRON network.

“Our ability to onboard residents of Egypt significantly increases our total addressable market,” said Sam’an. “We plan to continue working closely with regulators to be able to expand our services to different markets and enable people to have safe exposure to digital assets.”