CoinMENA has added a couple of new features to its application that were not available in the Middle East and North Africa region.
The Bahrain-based cryptocurrency exchange, CoinMENA is the first regulated exchange in the region to adopt limit trading and allow users to withdraw Tether (USDT) stablecoins via the TRON TRC20 network.
Limit trading allows users to set the price they want to sell or buy cryptocurrencies at along with where the trade will automatically be executed once the set price is hit. This system puts users in more control of what their money is to be used for.
With over $80 billion in circulation, Tether is the stablecoin pegged to the US Dollar and is the third-largest cryptocurrency by market capitalization right behind Bitcoin and Ethereum. Tether withdrawals were previously only done on the Ethereum ERC-20 network but the TRON network comes as a cheaper alternative.
In one year of operation, CoinMENA has experienced accelerated growth and now has 21 digital assets on its platform having added eight new ones just last month as more announcements are expected in the next month.
A joint statement from CoinMENA’s co-founders, Talal Tabbaa and Dina Sam’an emphasized how delighted the company is to offer limit trading and an alternative network from which to withdraw Tether.
The CoinMENA statement emphasized how the company is constantly working to enhance its premium user experience adding that these two new features were the most requested by users.
“CoinMENA will continue to add new trading features and forge partnerships with regional and international stakeholders to provide the best experience possible to our users,” Tabbaa said regarding the next company direction.
Sam’an added: “We are working to deliver a comprehensive suite of products for our community because we ultimately see CoinMENA as more than just an exchange. Our latest features represent important milestones on our journey to becoming the MENA region’s preferred crypto financial services company.”
CoinMENA had recently also announced cashbacks as an incentive to motivate users to deposit funds into their crypto wallets using Classic and platinum cards from the region’s financial services super app known as Beyon Money. This, too, was an original innovation for the region.
CoinMENA intends to be the simplest and most trusted asset exchange platform in the region by empowering new and seasoned investors to participate in the digital economy through buying, selling, storing and receiving digital assets and local currencies in a safe and secure space.