Coinbase Enters the United Arab Emirates as Ripple Welcomes the Move Enthusiastically

Jakarta, Pintu News – Coinbase, the largest crypto exchange from the United States, recently announced its expansion into the United Arab Emirates (UAE). Reece Merrick, Ripple’s Senior Executive and Director of Management for Middle East & Africa, welcomed the move with excitement.

“Welcome to the party,” Merrick said, responding to Coinbase CEO Brian Armstrong’s announcement of the expansion. Coinbase’s arrival in the UAE marks a new chapter in the region’s competitive crypto industry.

Ripple’s reaction to Coinbase expansion

Ripple’s Reece Merrick stated that the company has long recognized the UAE’s potential as the crypto capital of the world. Merrick emphasized that Ripple has been operating in the Middle East for over seven years, with himself having been there for over four years.

These comments come after Armstrong described the UAE as a major player in the global crypto industry. Merrick also highlighted that Ripple is not just present in the UAE, but has made significant progress in developing blockchain technology and digital assets in the region. With the regulatory license obtained in Dubai earlier this year, Ripple has further strengthened its position in the Middle East.

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Ripple’s Strategic Developments and Partnerships

Last October, Ripple announced its strategic partnership with Bahrain Fintech Bay (BFB) to accelerate the development and adoption of blockchain technology and digital assets in Bahrain. The move is part of Ripple’s efforts to expand its influence in the Middle East. The partnership is expected to bring new innovations and increase the adoption of financial technology in the region.

Additionally, Ripple’s stablecoin, RLUSD, recently received approval to be used as loan collateral within ADGlobalMarket in Abu Dhabi. This demonstrates the acceptance and integration of Ripple’s technology in a major financial system in the UAE. Merrick expressed his enthusiasm for the progress made and optimism for a brighter future.

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Ripple’s Future Vision and Product Dominance

Merrick added that he is not only impressed with the progress that has been made, but is also excited about what is to come. According to him, Ripple products will continue to dominate the market, thanks to continuous innovation and adaptation. This vision is backed by the strong infrastructure and strategic partnerships that Ripple has built over the years in the Middle East.

With Coinbase’s new presence in the UAE, Merrick sees this as an opportunity to further promote healthy competition and innovation in the crypto industry. This competition will hopefully bring more benefits to users and accelerate crypto adoption worldwide.

Conclusion

Coinbase’s expansion into the UAE has been welcomed by existing crypto industry players, such as Ripple. With experience and a strong foundation in the Middle East, Ripple is ready to take on new challenges and capitalize on the opportunities that arise from this ever-evolving market dynamic.

FAQ

What is Coinbase?

Coinbase is a United States-based crypto exchange, with over 120 million users and 245,000 ecosystem partners in over 100 countries.

Who is Reece Merrick?

Reece Merrick is Ripple’s Senior Executive and Director of Management for the Middle East & Africa.

How long has Ripple been operating in the Middle East?

Ripple has been operating in the Middle East for over seven years.

What is RLUSD?

RLUSD is a stablecoin issued by Ripple, which was recently approved for use as loan collateral at ADGlobalMarket Abu Dhabi.

What is the impact of Coinbase’s expansion into the UAE?

Coinbase’s expansion into the UAE increases competition and encourages innovation in the region’s crypto industry, which could accelerate crypto adoption globally.

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Reference

• U.Today. Welcome to the Party: Ripple Exec Reacts to Coinbase UAE Entry. Accessed on December 15, 2025
• Featured Image: Generated by AI