UAE Botim money to offer crypto services with Binance

UAE based botim money, botim’s financial services arm serving millions of users in the UAE, and Binance, have agreed to bringing digital asset access to customers which will offer UAE users the ability to pay, transfer and invest using digital assets.

Under the MoU, both companies are exploring solutions that combine Binance’s digital asset expertise with botim’s fintech capabilities for the UAE market. The discussions focus on identifying practical ways to create safe and compliant access to digital assets. botim money supports the underserved and unbanked who have historically had limited access to traditional financial systems.

Catherine Chen, Head of VIP & Institutional at Binance, noted that crypto is no longer a niche asset class and its collaboration with botim money will make it accessible to their customers exemplifying how crypto is now part of everyday financial services.

Sacha Haider, Chief Strategy Officer of Astra Tech | botim, commented, “Our international and national P2P rails support large and growing transaction flows every day, showing how deeply integrated botim money has become in people’s financial lives. Unlocking crypto capabilities with Binance allows us to build on this foundation and offer customers new ways to engage with the digital economy. Our focus remains on giving people simple and secure tools to manage and grow their money.”

During Binance Week, Binance also signed an agreement with Dubai Customs to offer the same services.