Singapore, December 13, 2024 witnessed the significant emergence of HTX as a sponsor at Bitcoin MENA 2024 in Abu Dhabi from December 9 to 10 (UTC). This inaugural major global cryptocurrency event in the Middle East and North Africa (MENA) region attracted numerous prominent figures like Eric Trump, the second son of President-elect Donald Trump; Binance founder Changpeng Zhao (CZ); and Marwan Alzarouni, the CEO of Dubai Blockchain Center. It offered a platform to explore the future of cryptocurrencies and discuss key industry opportunities.

Unveiling HTX's MENA Crypto Journey

HTX's Sponsorship and Summit Highlights

HTX, a leading global crypto exchange, made a remarkable mark by sponsoring Bitcoin MENA 2024. The event brought together industry heavyweights and provided a unique opportunity to delve into the world of cryptocurrencies. Eric Trump's presence added a touch of political significance, while Binance's CZ and the Dubai Blockchain Center's CEO contributed their expertise. This summit became a hub for discussions on the future of cryptocurrencies and the emerging opportunities in the MENA region.During the summit, Justin Sun, the Global Advisor of HTX and Founder of TRON, and Charmaine Lim, the Head of VIP Client Services at HTX, actively participated. They shared their insights on the current state of the cryptocurrency industry and future trends, highlighting HTX's focus on the MENA market and its commitment to global expansion.

The Great Debate: Bitcoin vs. Crypto

In the "The Great Debate: Bitcoin vs. Crypto" session, Justin Sun offered profound insights into the relationship between Bitcoin and other cryptocurrencies. He emphasized that Bitcoin's core narrative lies in its role as a store of value, stressing the importance of security and decentralization to instill confidence in its holders. He believed that maintaining Bitcoin's current status was the best approach as it ensured stability, although it might limit innovation. For innovation and exploring cutting-edge consumer technology, other blockchains and cryptocurrencies could be the way forward.Justin attributed Bitcoin's breakthrough to technological advancements. He explained how Tether's issuance of stablecoins on the Bitcoin Omni Layer faced limitations due to slow transaction speeds. However, USDT on TRON enabled instant transactions, meeting the users' needs. These technological advancements have also benefited Bitcoin, as the growing popularity of stablecoins has led to increased capital flowing into it, further strengthening its position as a store of value.

HTX's UAE Market Focus

Charmaine Lim, the Head of VIP Client Services at HTX, during the "Improving Access to Bitcoin in the UAE" roundtable discussion, highlighted the UAE's notable progress in promoting the adoption of Bitcoin and other cryptocurrencies since 2015. Despite the advancements, challenges such as the cautious approach of certain banks towards cryptocurrency transactions, insufficient public education, and regulatory uncertainties still persist. These factors have hindered the growth of the crypto sector in the UAE.Charmaine emphasized HTX's strong focus on the UAE market and the platform's continuous efforts to connect with regulatory bodies. The exchange is taking proactive steps to collaborate with local banks to establish a streamlined fiat-to-cryptocurrency transaction channel. HTX will also provide global users with learning opportunities through HTX Live and online workshops on topics like crypto trading, storage, and security. Additionally, the platform will expand language options, including offering Arabic support, to enhance the user experience.Charmaine suggested that the UAE government create a favorable environment for crypto businesses by establishing a clear regulatory framework, streamlining the license application process for service providers, offering tax incentives to blockchain companies, and expanding the regulatory sandbox. This would accelerate the adoption of cryptocurrencies in the country.

HTX's Regional and Global Impact

From Blockchain Life to Cardano Summit and now Bitcoin MENA, HTX's frequent appearances in the UAE throughout 2024 demonstrate its keen interest in the cryptocurrency development potential of the Middle East and North Africa region. By offering innovative products and forging strong partnerships with local stakeholders, HTX aims to accelerate cryptocurrency adoption and regulatory compliance in this region.With the global crypto market booming, HTX will expand its business footprint worldwide while fostering innovation and the application of crypto technology. This will contribute to the building of a more accessible Web 3.0 ecosystem.Contact: Ruder Finn Asiahtx@ruderfinn.comcontact@htx.comDisclaimer: This content is provided by HTX. The statements, views, and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended that you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8abc09dd-af0e-4f44-b52e-222cdb85a044A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2784b3e0-f789-4db5-97e0-10c9662962cb