Latest news with #BinanceBahrain
Biz Bahrain
30-04-2025
- Business
- Biz Bahrain
Daleel becomes Middle East's first financial marketplace to integrate Binance cryptocurrency products
Daleel, the Middle East's leading personalized financial marketplace has announced it will integrate and showcase cryptocurrency products from Binance, the world's largest crypto exchange by trading volume. Through the Binance Link Program, Daleel will be able to access the top 10 crypto trading pairs from the largest and most liquid crypto exchange. Daleel will become the first financial marketplace in the Middle East to present and compare information on cryptocurrency products alongside traditional financial services such as credit cards, loans and mortgages. This will ensure that users of Daleel's platform benefit from greater choice, the ability to seamlessly explore and access a wider range of financial products, while bridging the gap between traditional banking and digital assets. Recent studies indicate that crypto adoption and demand is high in the region, with nearly a third of residents in the UAE alone already owning digital assets. Tameem Al Moosawi, Binance Bahrain GM, commented: 'Cryptocurrency is being embraced around the world and providing access and visibility to crypto within a marketplace alongside traditional financial services will further legitimize crypto as an asset class. By adding cryptocurrency into everyday financial decision-making, we're not just offering more choice, we're defining what the future of finance looks like for millions of customers across the Middle East.' PK Shrivastava, CEO at Daleel said, 'We're proud to be the first Middle East marketplace to offer crypto pricing from Binance, the largest crypto exchange. Through Daleel, customers in the Middle East will be able to access transparent information about cryptocurrency right alongside more traditional financial products.' As the leading financial marketplace in the region, Daleel has access to real consumer insight and requirements which can be utilized to enhance its offerings. Daleel will continue to explore opportunities to expand their offerings in the cryptocurrency space.
Zawya
29-04-2025
- Business
- Zawya
Daleel becomes Middle East's first financial marketplace to integrate Binance cryptocurrency products
Dubai, United Arab Emirates and Manama, Bahrain: Daleel, the Middle East's leading personalized financial marketplace has announced it will integrate and showcase cryptocurrency products from Binance, the world's largest crypto exchange by trading volume. Through the Binance Link Program, Daleel will be able to access the top 10 crypto trading pairs from the largest and most liquid crypto exchange. Daleel will become the first financial marketplace in the Middle East to present and compare information on cryptocurrency products alongside traditional financial services such as credit cards, loans and mortgages. This will ensure that users of Daleel's platform benefit from greater choice, the ability to seamlessly explore and access a wider range of financial products, while bridging the gap between traditional banking and digital assets. Recent studies indicate that crypto adoption and demand is high in the region, with nearly a third of residents in the UAE alone already owning digital assets. Tameem Al Moosawi, Binance Bahrain GM, commented: 'Cryptocurrency is being embraced around the world and providing access and visibility to crypto within a marketplace alongside traditional financial services will further legitimize crypto as an asset class. By adding cryptocurrency into everyday financial decision-making, we're not just offering more choice, we're defining what the future of finance looks like for millions of customers across the Middle East.' PK Shrivastava, CEO at Daleel said, 'We're proud to be the first Middle East marketplace to offer crypto pricing from Binance, the largest crypto exchange. Through Daleel, customers in the Middle East will be able to access transparent information about cryptocurrency right alongside more traditional financial products.' As the leading financial marketplace in the region, Daleel has access to real consumer insight and requirements which can be utilized to enhance its offerings. Daleel will continue to explore opportunities to expand their offerings in the cryptocurrency space. To find out more information, visit the Daleel website at and download Get Daleel via the Google Play and Apple App Stores. About Daleel Daleel connects people with banks and financial services through an easy-to-use platform, powered by data and proprietary technology. It provides individuals with clear, personalized insights and simplifies financial decision making. For financial institutions, Daleel provides a cost-effective way to acquire more customers and create tailored products based on real data. Through this unified platform, Daleel improves financial experiences and outcomes for all. Daleel is a marketplace registered and licensed in the UAE and Bahrain and provides services in accordance with local regulations. For media enquiries, please contact: Jonathan Ivan-Duke Partner, duke+mir jon@
Gulf Insider
09-04-2025
- Business
- Gulf Insider
Crypto Made Simple: What's The Next Big Things for Binance in Bahrain?
Bahrain has long positioned itself as a forward-thinking financial hub in the region, and its early embrace of digital innovation is now paying off—quite literally. Picture this: you pull into a petrol station in Manama, tap open the Binance app on your phone, and within seconds, your fuel is paid for in crypto. No need to fumble for cash or cards. It's not just a glimpse into the future—it's happening right now. From paying rent to purchasing real estate, the use of cryptocurrency in Bahrain is steadily moving from the fringes of finance into the heart of everyday life. At the centre of this shift is Binance Bahrain, a company helping redefine the way people engage with money. Thanks to the country's robust regulatory framework, which was among the first globally to introduce crypto-specific legislation, platforms like Binance are thriving in a well-structured, secure environment. The Central Bank of Bahrain's proactive stance has enabled fintech players to innovate responsibly, ensuring that both users and investors enjoy transparency and protection. It's this unique ecosystem that has allowed partnerships like the one between Binance and EasyPay to flourish, enabling seamless crypto payments at petrol stations and beyond. In this exclusive interview, Tameem Al Moosawi, General Manager at Binance Bahrain, shares what's on the horizon for Binance in 2025 and beyond. From bold developments in digital payments to expanding access through partnerships with EasyPay and Beyon Money, Tameem offers insight into how Binance is making crypto more practical, more accessible, and more integrated into daily life. Whether you're topping up your car, paying your rent, or even buying an apartment, crypto is no longer just an investment. In Bahrain, it's becoming a way of life. There's a lot we're excited about. One of the major areas of growth is through our expanding banking partnerships, particularly within the Binance Pay ecosystem. Through our collaboration with EasyPay, crypto payments are now possible at various petrol stations across Bahrain. If a location has an EasyPay machine, you can simply scan a QR code using the Binance app and complete your payment in seconds. And it's not just about everyday spending. Over the past couple of years, we've facilitated real estate transactions in Bahrain using crypto—some worth a few thousand dollars, others in the millions. The entire process is fast, secure, and fully KYC-compliant. Once the buyer scans the QR code, the transaction is processed by our partner acquirer here in Bahrain, with the crypto conversion handled on the backend—all in a matter of seconds. The aim is to make crypto more accessible to everyone, from long-time users to those just starting out. This partnership allows users to sign up with Beyon Money, complete their KYC, and then link their accounts directly to Binance. Once connected, they can transfer funds between the two platforms in less than a minute. It's secure, efficient, and eliminates the delays and fees associated with traditional bank transfers or credit card payments. We're seeing steady, linear growth. At the moment, we're keeping it intentionally contained as we continue fine-tuning the experience. That said, as Beyon Money expands and secures more licenses on a regional and global scale, we anticipate much broader adoption. The infrastructure is in place—we're ready to scale as the demand grows. Regulation is key to long-term trust and growth in this industry. At Binance, we believe in working closely with governments to build strong, progressive frameworks that protect users and promote innovation. Every market is unique, and we tailor our approach to align with regional needs. Here in the MENA region, our goal is to earn licenses in each jurisdiction, contribute to education efforts, and support the development of a safe, transparent digital asset ecosystem. A well-regulated environment ensures better protection for users and creates the kind of trust the industry needs to thrive. It's an important milestone. eKey 2.0 is a more secure and efficient digital identity system, and we were proud to be among the first platforms to integrate it. For users, it means greater protection and a more seamless experience when accessing digital services across both public and private sectors. This move aligns perfectly with our commitment to innovation and security—and with Bahrain's national goals, particularly its 2030 Economic Vision. We see blockchain and digital assets playing a central role in that future, and we're proud to contribute. Bahrain has made remarkable progress over the past two decades. It's earned a reputation as a stable, innovative, and forward-thinking country—and it was one of the first globally to introduce crypto regulations. That proactive approach laid the foundation for a vibrant crypto community. What's also worth highlighting is the local talent. At our Bahrain office, 95% of the team are Bahraini nationals. That's a testament to the strength of the workforce and the country's readiness to lead in this space. Looking forward, we see Bahrain not just as a regional leader, but as a global hub for digital assets and blockchain innovation. The foundations are strong, and with continued collaboration between the public and private sectors, the future looks incredibly promising.
Gulf Insider
24-03-2025
- Business
- Gulf Insider
Binance Bahrain Issues Warning as Fraudulent SMS Scams Surge
Due to the recent increase in SMS spoofing scams targeting Binance account holders as well as non-account holders in Bahrain, Binance, urges individuals to stay informed and vigilant. Binance is warning individuals receiving SMS messages about whitelisted withdrawals, instructing them to call a phone number to inquire about it, to ignore these messages and not to call any numbers. Users are receiving SMS messages from scammers that appear to come from the same thread or number Binance utilises to send OTP messages. This suggests that scammers may employ phone number manipulation to lend credibility to their fraudulent activities. The provided telephone number connects to a call center that impersonates Binance personnel. The scammers act professionally, making it difficult to distinguish them from legitimate Binance representatives. Binance is encouraging users to stay alert to these scamming tactics by trusting only official sources, such as the Binance app, and looking out for spelling mistakes in the sender's communication materials. Users must not share sensitive information with anyone on unofficial or non-verified sources. As the crypto landscape expands, so do the tactics of malicious actors aiming to exploit unsuspecting individuals. SMS is one of the most popular methods for scammers to con victims through phone number manipulation. Abdulla Abusaif, Chief Information Security Officer at Binance Bahrain, said: 'Our top priority at Binance is ensuring user safety, protecting information security, and providing ongoing education initiatives to empower users with the knowledge needed to navigate the dynamic landscape of the digital realm securely. Remaining informed and alert to evolving SMS spoofing tactics is essential for protecting against fraudulent activities.' In a typical SMS spoofing cyberattack, a fraudster uses specialised software to manipulate the SMS sender ID to appear as Binance, making the message seem credible to users. These scams often involve urgent claims about account issues, requests for sensitive information or payments, the use of seemingly legitimate details to build trust, and pressure to call the number provided. When in doubt, users are encouraged to independently verify contact information through official channels, such as the official Binance Support Team or verified social media accounts, to ensure the legitimacy of any communication. Binance utilises various official and secure contact methods, such as the 24/7 support team, the official X account (@binance), and Telegram. Additionally, users are advised to carefully employ Binance Verify to check the phone numbers provided in the messages for legitimacy.
