HBK-GoChain invests millions in Arabian Bourse

CryptocurrenciesArabian Bourse (ABX), the Abu Dhabi-based crypto asset exchange and custodian, has received a multi-million dollar investment from a Mena-based blockchain company, HBK-GoChain. The exchange has hailed the investment as a “significant milestone” in its bid to become a fully regulated crypto exchange for global institutional and retail traders. It has also described the partnership as an ecosystem that will aim to integrate the region’s digital assets activity with other digital asset centres around the world. “This creates a trusted digital assets market infrastructure offering encompassing a regulated exchange and safe custody, which is both strong regionally and well positioned globally to attract institutional and retail traders,” said Hirander Misra, vice chairman of ABX and chairman of GMEX Group. Arabian Bourse received in-principal approval from the Financial Services Regulatory Authority of Abu Dhabi Global Markets to act as a crypto asset exchange back in June. ©2019 funds global mena

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