Summary:
- Announcement: M2 now allows UAE residents to buy and sell Bitcoin and Ether directly using their bank accounts.
- Functionality: Users can convert dirhams into Bitcoin and Ether and vice versa through M2’s spot markets.
- Features: Supports depositing and withdrawing dirhams, enabling swift adaptation to market changes.
Crypto exchange M2 has announced a new feature enabling residents of the United Arab Emirates to purchase and sell Bitcoin and Ether directly using their bank accounts. This integration allows users to seamlessly convert their local currency, dirhams, into digital assets.
Through the trading pairs listed on M2’s spot markets, UAE residents can now trade Bitcoin (BTC) and Ether (ETH) for dirhams and vice versa. Additionally, the platform supports the depositing and withdrawing of dirhams, providing a comprehensive and user-friendly experience.
The M2 team emphasized that this new feature allows users to “swiftly adapt to market changes,” making it easier for them to manage their crypto assets in response to market dynamics. This development is a significant step forward in increasing accessibility to digital assets for UAE residents, offering a streamlined and efficient way to engage with the crypto market.
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