WEEX Crypto Exchange announces its global headquarters in UAE
WEEX crypto exchange, which has over 6 million customers globally, has announced that it has set up its headquarters in the UAE as part of its expansion plans into the MENA region. The Dubai headquarters currently houses over 600 employees with plans to hire 50 more over the next two years. While the exchange has yet to be regulated by Dubai’s Virtual Assets Regulatory Authority, it is seeking a license.
Andrew Weiner, Vice President of WEEX, noted that setting up headquarters in the UAE is part of WEEX’s rapid expansion into the MENA region. He stated, “we plan to expand our team further in Dubai over the next one to two years, adding 30 to 50 new hires to better support local operations and service deployment.”
Dubai will serve as the central hub for the platform’s global expansion, driving localized operations and team-building efforts to enhance WEEX’s global strength and influence.
WEEX already serves 6.2 million customers across 130+ countries. The crypto exchange has a daily trading volume of over $5 billion and supports more than 1,700 trading pairs. WEEX also boasts of a 1,000 BTC Protection Fund to protect users’ assets.
WEEX is currently participating and sponsoring TOKEN2049 Dubai event being held in Dubai UAE between April 30th and May 1st, 2025.
The Chainalysis 2024 crypto geography report noted that the MENA region has become the seventh largest crypto market globally. The biggest two countries being Turkey and Morocco, while the fastest growing countries were Saudi Arabia and Qatar. Saudi Arabia remained the fastest-growing crypto economy in the MENA region in 2024, growing by 154% year-over-year.
Last Updated on 6 days by PR News Desk
