CoinMENA and Standard Chartered Sign UAE Banking Agreement

CoinMENA, a regulated virtual asset service provider in the United Arab Emirates, has formalized a banking agreement with Standard Chartered to enhance its fiat payment infrastructure. The partnership, announced on June 17, 2026, is designed to improve the speed and efficiency of customer fund transfers for the crypto exchange's users in the UAE.

The arrangement will leverage Standard Chartered's banking capabilities to support fiat on- and off-ramp operations, which are critical for converting between traditional currency and digital assets. The infrastructure includes safeguarded client money accounts, high-speed settlement rails, and virtual account-based transaction management. CoinMENA stated the integration aims to provide faster funding, efficient payouts, increased transaction transparency, and improved liquidity settlement with its international counterparties.

Rola Abu Manneh, CEO of Standard Chartered for the UAE, Middle East and Pakistan, noted that the UAE has established itself as a leading regulatory environment for digital assets, creating opportunities for collaboration between financial institutions and regulated firms. In a joint statement, CoinMENA...