Bitget, a leading cryptocurrency exchange from Singapore with over 20 million users in over 100 countries, has introduced Arabic language support for more than eleven countries in the Middle East and North Africa (MENA Region).
This feature, which is accessible on both its mobile application and website, aims to facilitate smoother learning processes and enhance communication for buying and selling cryptocurrencies.
This move aligns with Bitget providing support for fiat gateways in the Middle East region for seven currencies, including Dinars, Riyals, and Ouguiyas.
In July 2023, the platform announced plans to further advance its audience as it targets the MENA region as the next region for business expansion due to the region’s dynamic growth.
“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,” said Gracy Chen, Managing Director at Bitget.
With the introduction of language support, users on Bitget can now engage in cryptocurrency trading using over 12 Middle Eastern currencies and access a list of more than 590 tokens listed on the platform. This language support extends across various features on Bitget, including P2P trading, Earn, Futures, Copy-trading, and more.
According to Bitget, users in the Middle East can now expect to enjoy the advantage of zero fees for both buying and selling cryptocurrencies through Bitget P2P.
Bitget has been significantly expanding its operational presence on a global scale in recent months, including registering as a Virtual Asset Service Provider (VASP) in Poland and undergoing similar crypto registrations in Lithuania.
The company is now actively exploring the process of applying for licenses and regulatory approvals to open offices in Middle Eastern markets.
According to the 2023 Chainalysis adoption report, the MENA region is the 6th largest crypto economy globally with an estimated over $340 billion in on-chain value received between July 2022 and June 2023. The region represents nearly 7.2% of global transaction volume as of October 2023.
In comparison to Sub-Saharan Africa, which received 2.3% of crypto value over the same period, North African countries are proving to be potentially big markets for crypto in the coming years.
🇲🇦🇪🇬🇩🇿🇹🇳 REPORT | MENA Region Responsible for 7.2% of Global Crypto Transaction Volume vs 2.3% for Sub-Saharan Africa, Says 2023 Chainalysis Report
According to Chainalysis, The Middle East & North Africa (MENA) has the sixth largest crypto economy of any region they studied in… pic.twitter.com/PUfksRlgCl
— BitKE (@BitcoinKE) September 30, 2023
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