CoinMENA partners with Standard Chartered for real-time crypto-fiat settlements in UAE

CoinMENA FZE, the Dubai-based subsidiary of regional crypto exchange CoinMENA, has signed a banking agreement with Standard Chartered to enable real-time fiat-to-crypto transactions for its UAE users. The partnership allows the exchange to integrate Standard Chartered’s digital banking solutions, facilitating near-instant deposits and withdrawals. The collaboration addresses common latency issues in the virtual asset market, where traditional bank transfers often take several business days to process. By leveraging the bank’s local infrastructure, CoinMENA users can move funds between their bank accounts and the trading platform with increased speed and reduced friction. Real-time Fiat Settlement Infrastructure Under the new agreement, CoinMENA will utilize Standard Chartered’s specialized digital settlement capabilities. This ensures that retail and institutional investors can execute time-sensitive trades without the delays typically associated with regional wire transfers. The integration provides a secure on-ramp and off-ramp for Dirham-denominated transactions within the UAE's regulated financial ecosystem. CoinMENA FZE currently operates under a license from Dubai’s Virtual…