Abu Dhabi, United Arab Emirates, July 31, 2024, Chainwire
• M2 ADGM now accepts deposits and withdrawals from UAE bank accounts to buy (BTC) and (ETH) with UAE Dirhams (AED)
• The new integration of M2 ADGM, regulated by the Financial Services Regulatory Authority (FSRA) located at ADGM, marks a significant milestone for the adoption of virtual assets in the region.
M2 ADGM, a virtual asset custodian and Financial Services Regulatory Authority (FSRA)-regulated multilateral trading facility located at ADGM, today announced a new and streamlined avenue for UAE residents to buy and sell Bitcoin (BTC) and Ethereum (ETH) through a direct integration with their bank account.
The integration marks an important milestone for both the increased accessibility of virtual assets in the region and for M2 ADGM as they work to expand a best-in-class product offering within a rapidly evolving landscape.
This allows UAE residents to easily and securely convert UAE Dirhams (AED) into BTC and ETH (and vice versa) via currency pairs listed on the M2 spot market. This allows users to take advantage of and quickly adapt to market changes, at a crucial time of growth in the virtual asset space, both in the UAE and globally.
M2 ADGM is regulated by the FSRA, located at ADGM, considered one of the most robust virtual asset regulatory authorities in the world. The new pathway, which leverages the robustness and security of a solid banking infrastructure, is the latest milestone in M2 ADGM’s ongoing work to build trust and industry-leading compliance by providing both secure custody of virtual assets and the ability to trade Bitcoin (BTC) and Ethereum (ETH) with UAE Dirhams (AED).
Commenting on the addition, M2 CEO Stefan Kimmel said: “Through this compliant integration, UAE residents can enjoy the familiarity of their existing, trusted banking services, coupled with the cutting-edge security and functionality of our platform – all executed within one of the world’s most stringent regulatory frameworks, where consumer protection, technology, governance and custody are paramount. It is a significant step for M2 ADGM as we work to expand our offering for the MENA region and reduce friction in how customers can navigate between traditional finance and virtual assets.”
To learn more about M2 ADGM's new, secure and seamless UAE bank account integration for UAE residents to buy and sell virtual assets, users can visit
About M2
Headquartered in Abu Dhabi, M2’s mission is to drive the adoption of virtual assets in the UAE by delivering a secure and transparent trading environment for investors. The platform offers investors an ever-expanding range of virtual asset products, while ensuring strict regulatory compliance. Regulated by the Financial Services Regulatory Authority (FSRA) located at the Abu Dhabi Global Market (ADGM), M2 Limited and M2 Custody Limited are committed to ensuring a safe trading experience, while maintaining the highest standards of regulatory compliance.
ContactJunior consultantJacob McGoldrickCW8 Communications[email protected]
This article was originally published on Chainwire
