XRP Gains More Traction As CoinMENA Adds Iraq To The List Of Supported Countries
Great news for crypto enthusiasts in Iraq! CoinMENA, one of the leading crypto exchanges serving the Middle East and North Africa (MENA) region, has announced that it is expanding its services to Iraq, allowing investors to seamlessly trade XRP.
This move is significant for several reasons. Firstly, it shows that there is a growing demand for cryptocurrencies in Iraq, and CoinMENA is stepping up to meet this demand. Secondly, the expansion of CoinMENA’s services to Iraq will make it easier for Iraqi investors to access the global crypto market, which is rapidly growing and evolving.
XRP Gains More Ground As CoinMENA Expands
XRP, one of the most popular cryptocurrencies in the world, has been gaining traction in the MENA region, and the addition of Iraq to CoinMENA’s list of supported countries is a testament to the growing interest in XRP in the region.
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The development was disclosed in a recent report from a local Iraqi media outlet. Iraq represents the eighth country within MENA that has welcomed the crypto exchange. The latest development highlights CoinMENA’s commitment to providing a safe and secure platform for crypto investments in MENA.
Launched in 2019, CoinMENA is a Sharia-compliant crypto exchange operating from the Kingdom of Bahrain in which it has secured an operational license. The exchange is regulated by the Central Bank of Bahrain (CBB) and seeks to expand to the entire Middle East and North Africa region.
With CoinMENA’s seamless trading platform, Iraqi investors can now easily buy, sell, and trade XRP, and benefit from the potential gains that come with investing in the crypto market. This is a great opportunity for Iraqi investors to diversify their investment portfolios and potentially reap significant profits in the long run.
Since CoinMENA’s expansion into Iraq, the exchange has been steadily gaining traction among investors. CoinMENA’s CEO, Dina Sam’an, recently stated that the exchange has seen a surge in trading activity and new user registrations from Iraq since its launch in the country.
CoinMENA Aims To Address Some Crypto Issues
This is a positive sign for the growth of the crypto market in Iraq, which has traditionally been hindered by regulatory uncertainty and limited access to reliable crypto trading platforms. CoinMENA’s entry into the market is expected to help address these issues and drive the adoption of cryptocurrencies in the country.
CoinMENA’s expansion into Iraq is also part of the exchange’s broader strategy to serve the MENA region, home to a large and rapidly growing population of tech-savvy, young investors.
Amid the U.S. SEC’s legal tussle with Ripple, XRP’s potential has been dampened by the limitations it faces in the United States, as several exchanges, including Coinbase, have chosen to suspend support for the asset. Despite this setback, XRP has been the go-to asset for investors in several other countries.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
