Dubai-based digital currency exchange Emirex has introduced support for Bitcoin SV. The exchange has listed BSV/EUR and BSV/USDT pairs, with BSV/AED set to be listed in the coming weeks.
Emirex lists BSV at a time when global demand for the digital currency has been rising rapidly. With BSV being the only blockchain that can scale massively, thousands of developers globally are increasingly making the switch from other blockchains to build on BSV. Moreover, its fast transactions and very low transactions fees have made it an increasingly popular payments rail.
Grigory Rybalchenko, the Emirex CEO remarked, “It is a great pleasure for us to list such a promising project and we are looking forward to a long-term cooperation. The Emirex team will provide high-quality service and constant support to the BSV community in order to provide a better trading experience.”
Currently, Emirex users can trade BSV/EUR and BSV/USDT trading pairs. The exchange intends on launching the BSV/AED trading pair at a later date, becoming the first platform to offer a BSV trading pair in the local dirham.
Based in the UAE, Emirex has quickly risen to become one of the most popular digital currency exchanges in the Middle East and beyond. At a time when regulators have taken a keen interest in the industry, Emirex offers all its services within a regulatory compliant environment. It allows its users to fund their accounts through Visa and Mastercard, as well as EUR SEPA transfer.
Founding President of the Bitcoin Association Jimmy Nguyen believes that the listing will play a role in availing BSV to more people especially as the exchange expands to other regions.
He remarked, “As demand for Bitcoin SV grows around the globe, the introduction of new trading pairs on the Emirex exchange facilitates another fiat onramp for those active in our ecosystem to buy and sell BSV. Emirex has an exciting roadmap forward with expansion planned through the Middle East, Africa and Europe – a journey that we are delighted Bitcoin SV will be a part of.”
Emirex has been on the frontline in advocating for regulations for the digital currency industry in the Middle East. Irina Heaver, the exchange’s co-founder told CoinGeek during the Malta AI and Blockchain Summit that they have been working with Bahraini and Saudi Arabian regulators to find the best way forward for the industry.
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