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Bitget Unveils Arabic Lingual Support for 11 MENA Markets

Bitget Unveils Arabic Lingual Support for 11 MENA Markets

DailyCoinDailyCoin2023/11/23 18:06
By:DailyCoin
  • Bitget has launched native lingual support for certain markets.
  • The exchange said this would bolster crypto adoption.
  • The exchange is still exploring licensing and regulatory approvals in these markets.  

In a move to expand its influence in the Middle-Eastern and North African (MENA) region, crypto exchange Bitget has launched Arabic lingual support for its website and mobile application.

According to the World Bank, the MENA region comprises approximately 21 countries and serves as an important source of global economic resources. By tapping into this area with native-level lingual support, Bitget is aiming for grassroots adoption.

Bitget Enables Arabic Lingual Support in MENA

In a press release dated November 23, Bitget announced the launch of Arabic lingual support for over 11 countries in the MENA region, stating that the move embodies its vision to provide support for Fiat gateways for seven currencies, including Dinars, Riyals, and Ouguiyas.

Bitget Managing Director Gracy Chen welcomed the new feature, noting that it will help propel dynamic growth in the crypto industry.

“Our expansion plans of growing in the Middle East and North Africa have now advanced into building user-centric products for the region. We’re listening to our users’ demands and delivering features as per their preferences. With the Arabic language Bitget App, we’re providing easy access to people who want to learn and thrive in crypto.” Chen stated.

Per the announcement , Bitget users in the Middle East will now access comprehensive support in their native language while utilizing a range of services, including futures, peer-to-peer (P2P), Bitget Earn, and copy trading.  

While Bitget promised a seamless user experience, including zero fees for buying and selling crypto through its P2P platform, the exchange noted that it still has to maneuver the region’s regulatory landscape.

Exploring License Applications

Without confirming whether its services are legal or regulated in any part of the MENA region, Bitget stated that it’s “exploring license applications in order to operate in target Middle East markets.”

According to the exchange, with proper licenses and regulatory approval, it will be able to open regional offices in MENA. The company noted that it recently secured a Virtual Asset Service Provider (VASP) license in Poland and a similar registration status in Lithuania.

Read why Bitget exited the Hong Kong crypto market:
Bitget Ends Bid For Hong Kong Crypto License, Exits Market

Stay updated on Bitget’s tightened KYC requirements:
Bitget Sets Stricter KYC Requirements: What You Need to Do

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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