With ZB launching its trading platform to users in the United Arab Emirates, the crypto doors are flung open even further in the region. The relationship between the UAE and cryptocurrencies is currently on an upward trend, with Dubai’s World Trade Center being established as a comprehensive zone for the sector in the country. It is anticipated that there will be a movement of Asian firms wanting to provide crypto services in restricted regions migrating their services over to the Gulf in the future as a result of this liberation towards the sector. With that in mind, let’s take a look at what opportunities are available to new crypto users in the UAE on the ZB platform after its very recent launch in the region.
Crypto traders in the United Arab Emirates now have full access to the ZB digital asset exchange, benefiting from its full functionalities and trading options. With trading options being quite a broad term, we’ve taken some time to outline what specific benefits UAE users will get from trading with ZB and making ZB.com their go-to crypto trading platform.
Secure Accounts
First of all, ZB prides itself on its impeccable security record. During its 9 years in operation, there have been zero security breaches of the ZB platform — meaning every penny held by traders on ZB has stayed in the rightful hands of its owner. In 2021, over $7.7 Billion worth of cryptocurrency fraud was committed against traders, and similar attempts have already taken place in 2022. However, with accounts fortified by the trademark ZB platform security, users can rest assured that their assets remain in safe hands, and while cryptocurrency will always be a target for fraudulent activity, you can mitigate a significant degree of risk by trading on an exchange as secure as the ZB exchange.
Versatile Platforms
ZB’s exchange is accessible across multiple platforms that are adapted to the trader’s device for a streamlined, user-friendly experience. The ZB exchange is not limited to desktop — there are also mobile and App platforms to manage your digital assets from, allowing constant access to your assets and trades wherever you are in the world. The platforms are easy to navigate, and if you are ever unsure about how something works, there is always the extensive Help Center found on the desktop platform to make everything easy to understand. With accessibility one of the core values of ZB, versatility in both access and application are at the heart of all of the exchange platforms available to users.
Spot Trading
New ZB users in the UAE will get full access to the Spot Trading function on the platform, with traders able to purchase dozens of cryptocurrencies using AED. Spot Trading involves buying and selling cryptocurrencies at live market prices. The price you buy and sell at is what the valuation is at the time — ‘on the spot’, so to speak. So, if you load up your laptop or mobile, head to a live crypto exchange, see a Bitcoin trading at price X and decide that you want to buy, that’s the price you pay for it. Same goes for selling too. If you’re currently holding some BTC and you want to offload it quickly, head to a Spot exchange and it will be sold at the live market price. Remember, Spot = the price on the spot.
More information on Spot Trading can be found in a recent Medium article:
https://zbhk.medium.com/zb-shorts-spot-trading-f4a4ce9846b5
Derivatives
ZB offers extensive Derivatives trading options too, including Futures Trading. For traders who are more experienced, have a clear understanding of their markets and want to speculate a bit further into the future with their contracts, the Futures Trading platform offers a great opportunity to extend their portfolios. Derivatives trading is, by nature, a bit more strategic than what is typically associated with Spot Trading, and there are plenty of options available to UAE based users looking to extend their cryptocurrency repertoire.
More information on Futures Trading can be found in a recent Medium article:
https://zbhk.medium.com/zb-shorts-futures-trading-e3a71fd602a3
OTC Trading
OTC stands for ‘Over-The-Counter’. Translated into simple terms, OTC is a form of peer-to-peer trading. Translated even more simply, you can buy and sell crypto directly to other users on the platform. The OTC platform is available on desktop, mobile and app, and allows users to search for the most appropriate offer and complete transactions with them. All OTC trades are underpinned by ZB’s trademark security, and there is an extensive help guide available to OTC traders on what to look out for when trying to avoid fraudulent transactions.
Customer Service
Amongst all of the above features, new UAE users will have constant access to a customer service team that are always on hand to deal with enquiries and resolve any issues that they may face on the platform. To this end, the Help Center found on ZB’s desktop platform provides a highly detailed walkthrough of the services provided and how to use its features. Should you encounter any problems, you won’t be left in the dark with ZB — there is always help at hand.
ZB looks forward to welcoming new users from the UAE to its trading platform, and wishes each and every new trader the very best of luck on their crypto journey. As a word of caution, ZB would like to remind any new users that there are risks involved when trading cryptocurrencies, and to exercise caution when operating in potentially volatile markets.
