Fasset Crypto Exchange launches in GCC

Fasset Crypto exchange is regulated in Bahrain under the Central Bank of Bahrain regulatory sandbox

Fasset, provider of comprehensive ecosystem dedicated to merging digital asset innovations with the real economy, which has already raised 4.7 million USD, will be launching its second flagship product, the Fasset Exchange (FEX). https://fasset.exchange/ 

Immediately available to both retail and institutional investors within the countries of the Gulf Cooperation Council (GCC), the FEX will offer 0% trading fees and sign-up rewards for new users, bringing newfound accessibility to the digital asset space and infrastructure investment market in the Middle East. Signups for the FEX’s private beta are available now, with the public launch scheduled for later this year and expansion to the rest of the MENASA region over the next two years. 

The FEX will serve to provide near-instant access and liquidity for both real asset-backed tokens—such as gold-backed tokens or tokenised sustainable infrastructure projects—and top cryptocurrencies like BTC, ETH, and USDT. FEX is designed with both retail and institutional investors in mind, offering low-risk, highly-resilient, yielding, and liquid real assets to those seeking to diversify their digital asset portfolios. The exchange significantly reduces transaction times for real assets—as trades on the platform will take seconds, as opposed to the weeks needed for unlisted infrastructure—and transparency, in the form of real time access to world-class research and analysis on tradable assets for premium subscription users.

 In addition to the efficiency, transparency, and highly competitive fee structures employed by the exchange—which offers 0% trading, compared to a market average of 4-5% on other regional exchanges—investors can look forward to a free $5 contribution to their account from the Fasset team as they begin their trading journey.

 Commenting, Mohammad Raafi Hossain, Fasset Chief Executive Officer and former Technology Advisor to the UAE Prime Minister’s Office, said: “While the last decade has seen a rise in cryptocurrency usage, persisting complexities—from trading to payments systems—hinder true mass adoption. In addition, the volatility and high-risk nature of digital assets makes the asset class unapproachable for the majority of investors as investors are unable to gauge their value. To date, accessing digital assets—whether cryptocurrencies or real asset-backed tokens—in the MENASA region has been an onerous process. The industry lacks competition and, as a result, local exchanges have maintained an opaque, and often expensive, fee structure and operating model—resulting in high barriers to entry and limited choices for investors. FEX brings to the GCC the accessibility, variety, and ease of use which increasingly characterises digital asset markets elsewhere in the world. It is our belief that every investor should have a healthy, risk-assessed allocation in digital assets. As such, we look forward to offering investors and asset owners across MENASA convenience and true diversification like they’ve never seen before.”