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Bitex Crypto Exchange Partners with UAE Fintech Heavyweight ICICB

Wed, 01/26/2022 - 07:35
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Vladislav Sopov
With ICICB licensing support, Bitex is going to advance its reach and introduce crypto to no-coiners
Bitex Crypto Exchange Partners with UAE Fintech Heavyweight ICICB
Cover image via stock.adobe.com

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Bitex, a popular centralized cryptocurrency exchange, shares the details of its latest partnership and plans for the near future. With this collaboration, Bitex is going to strengthen its status in the crypto and fintech spheres globally.

Bitex has entered into a partnership with ICICB

According to the official announcement shared by representatives of Bitex, it has scored a partnership with industrial and financial conglomerate ICICB.

Being a regulatory-complaint business, ICICB has various licenses and certificates. This regulatory support will ensure secure integration of Bitex’s operations into real-world businesses and adoption between retail users.

Monark Modi, CEO and founder of Bitex, is certain that the collaboration will be of paramount importance for both teams as well as for the entire segment of regulated digital assets:

We believe that this partnership goes beyond just being strategic; we want to demonstrate that the UAE can get the top slot in cryptocurrency space when banking and financial services come together with digital exchange like ours.

The partnership will also have a huge impact on UAE positions in the crypto and fintech community: by onboarding Bitex, it can cement itself as a top-tier global financial hub.

ICICB Group has, in total, amassed more than $10 billion in AUM; the firm is valued over $2.6 billion as of Q1, 2022.

Cutting-edge trading experience, global presence, advanced toolkit

With this collaboration, Bitex is going to release a number of interesting features for crypto professionals and newbies.

Bitex will support crypto derivatives, tokenized financial assets, crypto wallet Bitex Vault and ICICB-powered retail payments solution Bitex Pay.

Bitex and ICICB will roll out full-fledged collaboration instruments in 2022.

Launched in UAE, ICICB Group has its offices in 26 countries worldwide. Among other services, it offers ready-made solutions for clients interested in crypto banking, real estate, the luxury sphere and state-of-the art technologies.

ICICB has delivered a wide array of solutions stacks for different segments based on in-depth business analytics and model building. By Q1, 2022, digital banking for private clients and institutions will become one of its flagship offerings.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)