AIBC

MidEast launches first Dubai crypto listing

Posted:: Jun 24, 2021 08:32 Category: Crypto , GCC , Posted by Kevin

The regulated Bitcoin-based exchange is the first digital asset fund in the Middle East and North Africa

3iQ Corp. is the largest digital investment fund manager in Canada with management over more than $2.5 million in assets, has officially listed The Bitcoin Fund on Nasdaq Dubai, the international exchange of the UAE.

The region bares rich soil for the endeavour, as the country has one of the most advanced regulatory frameworks for crypto trading. The fund offers investors and indirect exposure to Bitcoin by trading its units within in a transparent environment, and allowing long-term capital appreciation through a convenient alternative to a direct investment in the crypto.

The fund is now dual-listed in the Toronto Stock Exchange and Nasdaq Dubai, enabling unit transfers in any direction as well as the acquisition thereof.

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