Abu Dhabi, UAE – BurjX, a UAE-born digital asset trading platform, has secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), enabling brokerage and custody activities. This landmark licensing positions BurjX as a fully regulated platform supporting trading in over 100 digital assets, setting new regional standards for market access, regulatory compliance, and product range.
With the UAE’s cryptocurrency market projected to generate nearly US$396 million in 2025 and an expected user base of 3.88 million by 2026, BurjX is poised to lead the homegrown digital asset sector amidst some of the world’s highest crypto adoption rates.
Co-Founder and CEO Omar Abbas, formerly of Canada’s NDAX exchange, emphasized the platform’s UAE-rooted mission: “We’re not an imported platform; we are built here to lead globally, reflecting the region’s future in regulated, trusted digital asset trading.”
Adam Ferris, Co-Founder and Chairman, praised BurjX’s regulatory and technical execution, underlining the company’s ambition to emerge as a global player from launch.
Adding regulatory expertise, BurjX appointed Dr. Ryan Lemand, former Binance board member and ex-Head of Risk at UAE’s Securities and Commodities Authority, to its Board.
Powered by Zand Bank’s integration with UAE banking rails, BurjX offers instant AED on-ramps, allowing users to fund accounts and trade digital assets seamlessly. The platform combines NASDAQ-grade infrastructure with Fireblocks’ MPC wallet technology, delivering institutional-grade custody and fast, secure execution.
For high-net-worth clients, BurjX’s Private Client Division provides bespoke OTC services, dedicated support, and access to an extensive digital asset portfolio tailored for sophisticated investors.
Looking ahead, BurjX aims to scale throughout the UAE and MENA region, focusing on security, simplicity, and strong regulatory governance to meet growing retail and private wealth demand.
