UAE – Mubasher: botim money, botim’s financial services arm serving millions of users in the UAE, signed a memorandum of understanding (MoU) with Binance to explore bringing digital asset access to customers.
Through the partnership, botim will enable the UAE users to pay, transfer, and invest within the same ecosystem, according to a press release.
Both companies are exploring solutions that combine Binance’s digital asset expertise with botim’s fintech capabilities for the UAE market. They will focus on identifying practical ways to create safe and compliant access to digital assets.
Moreover, they aim to study how such services could fit within the UAE’s established regulatory landscape and how they may contribute to broader digital financial participation.
Catherine Chen, Head of VIP and Institutional at Binance, commented: “Our collaboration with botim money to make digital assets accessible to botim’s tech-savvy customers exemplifies this shift. The UAE is taking exciting steps to connect traditional finance with digital assets, and we are pleased to keep supporting the local community and ecosystem.”
Sacha Haider, Chief Strategy Officer of Astra Tech at botim, said: “Unlocking crypto capabilities with Binance allows us to build on this foundation and offer customers new ways to engage with the digital economy. Our focus remains on giving people simple and secure tools to manage and grow their money.”
Meanwhile, Binance has received full authorization from the Financial Services Regulatory Authority (FSRA) of ADGM to operate its global platform, Binance.com, under a world-class supervisory framework.
The license grants Binance a new level of credibility and seamless access across multiple markets, extending well beyond the UAE.
Commenting on the approval, the Co-CEO of Binance, Richard Teng, noted: “ADGM is one of the most respected financial regulators globally, and holding an FSRA license under their gold standard framework shows that Binance meets the highest international standards for compliance, governance, risk management, and consumer protection.”
