United arab emirates money symbol. Dirham currency sign on futuristic background

Key Takeaways:

M2 exchange enables UAE residents to buy/sell Bitcoin and Ether directly via bank accounts, simplifying conversions.
The service is regulated by the UAE government and licensed by the FSRA of the Abu Dhabi Global Market, ensuring secure and compliant transactions.
This development marks a significant milestone in enhancing crypto accessibility in the MENA region.

Crypto exchange M2 has enabled residents in the United Arab Emirates (UAE) to buy and sell Bitcoin and Ether directly using their bank accounts.

This integration allows for the conversion of UAE dirhams into Bitcoin (BTC) and Ether (ETH) through M2’s spot markets, simplifying the trading and deposit/withdrawal process.

We are pleased to announce the launch of a highly anticipated feature: AED deposits & withdrawals are now available to UAE residents and businesses! 🇦🇪#M2 #AEDWithdrawals #AEDDeposits

Simplify your transactions: Buy & sell Bitcoin & Ethereum directly with… pic.twitter.com/aM8VQe6Wbi
— M2 (@M2Exchange) July 31, 2024

Stefan Kimmel, CEO of M2, emphasized that this development enhances accessibility and reduces the friction between traditional finance and virtual assets.

The service is regulated by the UAE government, ensuring high standards of consumer protection.

Thrilled to see one of our most anticipated features live on @m2exchange #M2 #TheNewHomeOfCrypto #AEDDeposits #AEDWithdrawals pic.twitter.com/6gWeol60kH
— Stefan Kimmel (@M2Stefan) July 31, 2024

M2 is licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), an international financial center, allowing both institutional and retail clients to trade and custody digital assets securely.

The integration represents a significant milestone in expanding crypto accessibility in the MENA region.