Dubai, United Arab Emirates – Coinmena PJSC, licensed by the Dubai Virtual Assets Regulatory Authority to provide digital currency trading services in the Middle East, announced the signing of a strategic agreement with Standard Chartered Bank, in a significant step towards enhancing the cash payment system for its growing customer base.

This partnership supports the management of customer funds accounts and cash payment services, reflecting the growing cooperation between regulated digital currency platforms and established financial institutions, in light of the rapid growth of the digital currency sector in the United Arab Emirates.

Under the agreement, CoinMENA PJSC will leverage Standard Chartered’s banking solutions to offer seamless deposit and withdrawal services to its platform clients. This includes dedicated accounts to safeguard client funds, advanced settlement channels, and virtual account transaction management, all of which will expedite funding processes, enhance settlement efficiency, and increase transparency in financial transactions.

This integration also supports Coin Mena PJSC’s expansion and growth plans by developing liquidity settlement mechanisms with accredited global financial institutions and improving the efficiency of connectivity with traditional financial systems within its regulated platform.

In this context, Rula Abu Manneh, CEO of Standard Chartered in the UAE, Middle East and Pakistan, said: “The UAE has established itself as one of the world’s leading regulators of digital currencies, creating a conducive environment for regulated companies and financial institutions to work together. As the sector continues to mature, a reliable banking ecosystem will remain essential to supporting its long-term growth. We look forward to supporting Coinmena’s expansion in the UAE.”

In a joint statement, CoinMENA founders Dina Semaan and Talal Al-Tabbaa said: “As the cryptocurrency sector continues to mature globally, the institutions shaping the future of finance are required to combine innovation and trust. This partnership reflects an important regional shift, where regulated platforms are becoming part of the mainstream financial system, not just a sector operating alongside it. We believe that the future of cryptocurrencies depends on strong banking, regulatory, and operational foundations, not just technology. Our partnership with Standard Chartered is an important step towards strengthening this vision and continuing to invest in an advanced institutional ecosystem that serves our clients in the Middle East and North Africa.”

This agreement represents a significant step towards enhancing the integration of banking services with the cryptocurrency sector. As the sector continues to evolve, CoinMena PJSC will continue to expand its services and secure features to better meet the needs of its customer base.

About Queen Mena

Coinmena, the leading cryptocurrency trading platform in the Middle East and North Africa (MENA), aims to empower both novice and experienced investors by providing easy access to cryptocurrency investment options and enabling them to participate in the emerging digital economy. Coinmena PJSC, headquartered in the UAE, is licensed by the Dubai Financial Market Regulatory Authority (DFRA) as a broker/dealer of cryptocurrency trading services. In the Kingdom of Bahrain, Coinmena BSC (Closed) is licensed by the Central Bank of Bahrain as a Digital Currency Service Provider (Category III). With its competitive fees, high liquidity, and educational approach, Coinmena aims to be the simplest and most reliable platform for trading cryptocurrencies in the MENA region. Coinmena was recently acquired by Paribu in a transaction valued at up to $240 million. Coinmena continues to serve over 1.5 million users across 45 countries, offering access to more than 80 cryptocurrencies. For more information, please visit www.coinmena.com . Follow Coin Mena on LinkedIn , Instagram , and X.

About Standard Chartered
We are a leading international banking group with a presence in 54 of the world’s most dynamic markets. Our aim is to drive trade and prosperity through our unique diversification, and our heritage and values are embodied in our forward-looking brand promise. Standard Chartered plc is listed on the London and Hong Kong stock exchanges. For more news and expert opinions, please visit the Insights section at sc.com . Follow Standard Chartered on X, LinkedIn, Instagram , and Facebook.

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