Crypto.com appoints Mohammed Al Hakim to oversee its UAE operations

Crypto.com, one of the top 10 crypto exchanges globally has appointed, a previous employee of UAE’s Ministry of Human Resources and Emiratization, as President of its UAE operation.

Mr. Mohammed Al Hakim, a UAE national, will be responsible for business development, strategic partnerships, and financial innovation, given that the UAE is a critical market for the exchange.

Al Hakim has been key in driving over $800 million in foreign investments into Dubai. He has also raised millions in sponsorships for UAE government initiatives and launched programs aimed at empowering Emirati professionals.

Kris Marszalek, CEO of Crypto.com, expressed confidence in Al-Hakim’s leadership, stating that his expertise will be pivotal in advancing the company’s goals in the UAE. “The UAE is a critical market for us, and Mohammed’s leadership and experience will help us build strong relationships and achieve sustainable growth in this key region,” said Marszalek.

“The UAE’s leadership in fostering a forward-thinking regulatory framework has set the stage for exponential growth, and I look forward to contributing to Crypto.com’s mission by driving innovation and delivering exceptional value to our users across the UAE and GCC.”

Mohamed Al Hakim

Crypto.com will launch new products in UAE in 2025

CEO of Crypto.com also noted in the announcement that there will be growth initiatives and new products in 2025 in the UAE and even the GCC region.

https://t.co/vCNztATkNg is proud to announce Mohammed Al-Hakim as President of its UAE operations, underscoring the company’s commitment to regional growth and talent. Al Hakim brings extensive expertise in business development, strategic partnerships, and financial innovation.… pic.twitter.com/gKHSCLtvL9

— Crypto.com (@cryptocom) December 18, 2024

Eric Anziani, President and Chief Operating Officer of Crypto.com stated, “We have a number of growth initiatives and exciting product launches in the pipeline for 2025 in the UAE and wider GCC region and we’re delighted to have Mohammed onboard to spearhead these.”

Al Hakim is also a member of the Mohammed Bin Rashid Center for Leadership Development’s 7th cohort. This program is focused on developing future leaders, reflecting his dedication to innovation and leadership in the UAE and GCC.

The UAE is now one of the top global hubs for digital assets, ranking third in the MENA region with over $30 billion in cryptocurrency transactions from July 2023 to June 2024.

Crypto.com acquires payment license in Bahrain

Crypto.com recently received a crypto payment service provider license from the Central Bank of Bahrain.

The license in Bahrain allows it to offer services as a payment service provider (PSP). The PSP license will allow Crypto.com to expand its offerings of e-money and fiat-based payment services regionally, including the launch of its world-renowned prepaid cards. Additionally, Crypto.com partnered with Mastercard to directly issue cards on their network. 

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