In the past few years, Dubai has become one of the most popular destinations for crypto FX trading. The city offers many advantages for traders, including its proximity to major financial centres, regulatory environment, and infrastructure.

What are cryptocurrencies?

Cryptocurrencies are decentralized, peer-to-peer digital or virtual tokens that use cryptography to secure transactions and regulate the creation of new units. Since Bitcoin’s launch in 2009, many other cryptocurrencies have been launched, including Ethereum, Ripple, and Litecoin.

Here are the top reasons to trade cryptocurrency in Dubai:

Proximity to major financial centres

Dubai is located in the United Arab Emirates (UAE), adjacent to Saudi Arabia, another major financial centre. This proximity gives Dubai traders access to a large pool of liquidity and capital. In addition, the UAE has many free trade zones that offer tax incentives and other benefits to businesses.

Regulatory environment and infrastructure

The UAE has a favourable regulatory …