HTX Presents at Bitcoin MENA 2024 | Airdrop Alert Pro

HTX, the world’s leading cryptocurrency exchange, attended Bitcoin MENA 2024 in Abu Dhabi from December 9th to 10th (UTC) as a sponsor.

As the first global cryptocurrency event in the Middle East and North Africa (MENA) region, the summit attracted many well-known figures, including Eric Trump, the second son of President-elect Donald Trump; Binance founder Changpeng Zhao ( CZ); Marwan Alzarouni, CEO of Dubai Blockchain Center. The event provides a platform to explore the future of cryptocurrency and discuss key industry opportunities.

HTX global consultant and TRON founder Justin Sun, and HTX VIP customer service director Charmaine Lim also attended the summit and shared the current status and future trends of the cryptocurrency industry. Their participation highlights HTX’s focus on the Middle East and North Africa cryptocurrency market and demonstrates its commitment to deepening its global strategy. At the same time, by partnering with global cryptocurrency entrepreneurs and communities, the exchange aims to accelerate the widespread adoption of cryptocurrencies.

At the session “The Great Debate: Bitcoin vs. Cryptocurrency,” Justin shared his insights into the relationship between Bitcoin and other cryptocurrencies. He noted that Bitcoin’s core narrative is its role as a store of value, emphasizing Safety and decentralization to appease its holders. Therefore, the best thing for Bitcoin is to maintain its current status. This may limit innovation, but ensures stability. In order to pursue innovation and explore cutting-edge consumer technologies, people can do so through other blockchains and cryptocurrencies.

Justin attributes Bitcoin’s breakthrough to the $100,000 mark to the advancement of cryptocurrency technology. He explained, “Tether once issued stablecoins on Bitcoin Omni Layer, but the platform’s slow transaction speed hindered its growth. USDT on Tron can achieve instant transactions and meet the needs of users. Technological advancements have also allowed Bitcoin to Bitcoin benefits. The growing popularity of stablecoins has led to increased capital inflows into Bitcoin, further solidifying its role as a store of value.”

“Every cryptocurrency has its importance. Take Ethereum or Tron for example. Their value is easy to understand as millions of people use them every day. There are also meme coins whose value may not be immediate manifested. However, from DOGE to SHIB For PEPE, the meme coin market has grown significantly. So I think cryptocurrencies are a lot like art in a museum. You might not understand every exhibit, just like you might not understand why a banana is worth $6 million. What you need to do is keep learning as cryptocurrencies continue to evolve. “Justin said.

Charmaine Lim, Head of Client Services at HTX VIP, said during a roundtable discussion titled “Improving the Use of Bitcoin in the UAE” that the country has made significant progress in promoting the adoption of Bitcoin and other cryptocurrencies since 2015. Despite these advances, challenges remain, including some banks’ wariness of cryptocurrency trading, insufficient public education about cryptocurrencies, and regulatory uncertainty. These factors have hindered the growth of the cryptocurrency industry in the UAE.

Charmaine pointed out that HTX has received provisional approval for a virtual asset service provider (VASP) license issued by Dubai VARA and is currently applying to upgrade it to a full VASP license. The platform has also taken proactive steps to partner with local banks to establish streamlined fiat-to-crypto trading channels. Charmaine added that HTX will provide global users with learning opportunities on topics such as cryptocurrency trading, storage and security through HTX Live and online seminars. The platform will also continue to expand language options, including Arabic support, to enhance the user experience.

Additionally, Charmaine recommended that the UAE government create opportunities for cryptocurrency businesses by establishing a clear regulatory framework, streamlining the license application process for service providers, providing tax incentives for blockchain companies, and expanding the current regulatory sandbox to accelerate cryptocurrency adoption. The enabling environment is within the country.

From Blockchain Life, Cardano Summit to Bitcoin MENA, HTX’s frequent appearances in the UAE in 2024 highlight its strong interest in the development potential of cryptocurrency in the Middle East and North Africa region. By delivering innovative products and building strong partnerships with local stakeholders, HTX aims to accelerate cryptocurrency adoption and regulatory compliance in the region.

In addition, as the global encryption market continues to prosper, HTX will expand its business footprint globally while promoting the innovation and application of encryption technology, thereby contributing to building a more accessible Web 3.0 ecosystem.

About Huatianxing

Founded in 2013, HTX has grown from a virtual asset exchange into a comprehensive ecosystem. Blockchain business Covering digital asset trading, financial derivatives, research, investment, incubation and other businesses.

As the world’s leading Web3 gateway, HTX has global capabilities to provide users with safe and reliable services. HTX’s growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security and Compliance” – solidifies their commitment to providing quality service and value to virtual asset enthusiasts around the world.