Cryptocurrency exchange CoinMENA has received a license from the Bank of Bahrain and a Shariah compliance certificate from Shariyah Review Bureau (SRB). This was stated in a press release.

The trading platform will operate in countries in the Middle East and Africa, including Bahrain, UAE, Saudi Arabia, Kuwait and Oman.

„We plan to become one of the prominent Profit Revolution global players. To achieve this, we will expand the number of assets and jurisdictions supported,“ CoinMENA said.

Once launched, five cryptocurrencies will be available to CoinMENA users: bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH). The exchange will also offer over-the-counter trading services to customers.

As a reminder, Bangladesh made its first blockchain transaction under Shariah law in early 2021.