Amberdata, the US-based digital asset data and analytics for institutional customers, has expanded into the Middle East with a new office in Dubai. The office as per the press release will offer GCC current customers as well as new market entrants with sales and account management support including comprehensive, granular on-chain, DeFi, spot, and derivatives market data and market intelligence.

Amberdata chose the UAE due to its emergence as a crypto innovation center focused on creating a regulatory environment conducive to growth, attracting top talent, and fostering a robust ecosystem for the digital asset class.

“Dubai really has become a global hub of crypto innovation,” said Shawn Douglass, CEO of Amberdata. “Thanks to the growth of the DIFC (Dubai Financial International Centre) there are many institutions active in the region. This drives collaboration between traditional financial institutions and the crypto industry. We look forward to serving this growing market and providing more financial institutions with a competitive edge in the digital asset class.”

Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, empowering financial institutions with data for research, trading, risk, analytics, reporting, and compliance.

The announcement comes as financial institutions, and more VASPs enter the crypto space in the UAE and GCC region. One of the first digital asset data analytics firms to enter UAE was Chainalysis, and then Crystal Intelligence.