The top cryptocurrency derivatives and copy trading platform, Bitget, has increased the number of Middle Eastern fiat gateways it supports. The platform now offers peer-to-peer trading for the following seven currencies: MRU (Mauritanian Ouguiyas), OMR (Omani Rials), JOD (Jordanian Dinars), TND (Tunisian Dinars), BHD (Bahraini Dinars), DZD (Algerian Dinars), and QAR (Qatari Rials).
Bitget customers now have the ability to purchase and sell cryptocurrency on Bitget P2P for free, thanks to the addition of fiat support. Through Bitget P2P, users may buy USDT with integrated local currencies from anywhere in the world using local payment methods.
Gracy Chen, Managing Director at Bitget, said: “Our products are aligned with Bitget’s expansion plans in the Middle East. We want to enable our traders to trade in their preferred fiat currencies. With Bitget P2P, we’re enabling a seamless and convenient trading experience for our valued users in the region. We’re focused on driving financial sovereignty as we make crypto accessible and user-friendly throughout the globe.”
Bitget’s expansion strategy in the Middle East includes the recent addition of these various fiat currencies to its peer-to-peer trading platform, acknowledging the region’s popularity as a growing hub for crypto operations. Bitget users in the Middle East will benefit from 0% costs for buying and selling cryptocurrencies using Bitget P2P, as the platform prioritizes delivering a seamless and user-friendly experience for traders.
To conduct business in the intended Middle Eastern markets, Bitget has already started looking into licensing applications. Obtaining the necessary permits and regulatory clearance is crucial to facilitating the company’s growth and enabling it to establish regional branches. In recent months, Bitget has expanded its operating reach internationally, registering as a VASP (Virtual Asset Service Provider) in Poland and registering as a comparable cryptocurrency in Lithuania. The updated Middle East expansion strategy is in line with Bitget’s goal of promoting widespread usage of cryptocurrencies.
Furthermore, Bitget has introduced a dedicated Euro (EUR) fiat gateway for its institutional clients alone. For approved Bitget institutions, this tailored solution offers flexible features and easy access to deposit and withdrawal choices. The whole user experience on the Bitget platform can be improved by conducting EUR transfers securely, affordably, and with greater flexibility, thanks to this new institutional offering.