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Digital asset deals in KSA top $20bn in 2021, says BitOasis executive

RIYADH: The value of virtual asset transactions in Saudi Arabia was worth around $20 billion with over 800,000 Saudis using digital currencies last year, according to the managing director of trading platform BitOasis in the Kingdom, Ali Alobaid. He told Arab News: “We believe that this can grow by five times over the next five years.
Saudi Arabia United Arab Emirates Ar Riya Abu Dhabi Abuz Aby Ali Alobaid

DGCX sees strong activity in April; records $12.3bn trade

Dubai Gold and Commodities Exchange (DGCX) said significant geo-political events, high oil prices and inflation continued to drive its strong trading activity in April with the group recording a high monthly AOI of 123,368 contracts worth $12.31 billion.
United Arab Emirates Commodities Exchange Dubai Commodities Clearing Corporation European Securities Markets Authority Tradearabia News Service Securities Commodities Authority

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