Crypto Company for Sale in Dubai, UAE

- The business is a global cryptocurrency exchange headquartered in Dubai, specializing in Over-The-Counter (OTC) services and peer-to-peer (P2P) crypto markets.
- It operates in various international markets, including Australia, the European Union, UAE, Canada, Mexico, Brazil, and Switzerland, providing a large geographical footprint.
- The exchange is recognized as the largest merchant on Binance P2P, which enhances its reputation and trustworthiness in the cryptocurrency trading industry.
- The company caters to both individual traders and institutional clients, offering specialized and secure OTC services in P2P markets.
- With an active customer base of 110,000 clients and 5,000 monthly active users, the platform enjoys a robust customer engagement, translating into a USD 7 million monthly trading volume.
- Two years ago, the business generated USD 120 million in trading volume/revenue, with USD 7.5 million in gross profits and USD 3.5 million in net profits. However, last year, it incurred a USD 1.4 million loss due to the loss of Australian banking support. We expect profitability to improve significantly to over 20% within the next five months through proactive strategic decisions.
- Sales have declined due to regulatory changes in certain countries, resulting in our platform being blocked in those regions.
- Holds in-principle approval for a VARA license in Dubai (as of May this year) and maintains strong regulatory credentials with licenses in Australia, Canada, the UAE, and other key jurisdictions.
- The promoter is currently based in Australia but frequently travels between Europe, the US, and the UAE.