With the aid of Luna Media Corporation, Cointelegraph, a crypto-focused media outlet, is expanding its footprint to the Middle East and North Africa. The new franchise will be crucial to increasing the exposure of blockchain projects and activities in the MENA region to a global audience.
Based in Dubai, Luna Media Corporation is a media holding group that aims to promote the Web3 industry through a variety of unrelated ventures and investments. Furthermore, Cointelegraph has been at the forefront of blockchain and Web3 news, covering cryptocurrency, nonfungible tokens (NFTs), the metaverse space, decentralized finance (DeFi) and other emerging financial technology since its launch in 2013.
Elijah Leyb, the Vice President of global operations at Cointelegraph who oversees 10 local versions of the site said that the company is looking forward to securing its position in the very promising MENA region with the new partner.
Commenting on the new development, the Cointelegraph editor-in-chief Kristina Lucrezia Cornèr also stated:
“The MENA region is booming with innovative projects, including blockchain and crypto, and it is an amazing opportunity for us to grow our readership through original content produced in Arabic from within one of the most active modern hubs of the fintech community, Dubai.”
The key news and technological developments in each region’s nations will be covered by Cointelegraph MENA in Arabic. The publication will have a significant impact on a market that is rapidly growing.
The MENA region has been a hub of activity in the crypto and blockchain space in recent years. The United Arab Emirates has been leading the charge with its regulatory efforts and is home to a number of major blockchain and crypto brands.
It is also important to note that in 2021, Morocco was the most popular Bitcoin (BTC) market in North Africa despite the fact that it’s illegal in the country. As reported by Cointelegraph, the “Kingdom of the West,” as it’s known locally, was the runaway North African leader in Bitcoin trading in 2021, just narrowly edged out by Saudi Arabia when looking at the entire MENA region.