The UAE has the potential to become "the Wall Street of cryptocurrencies" owing to its sector-friendly initiatives, but the country should boost crypto inflows to achieve that status, industry executives said.
The Emirates has become a hub for the sector despite crypto's volatile reputation, they said at the Bitcoin Mena 2025 conference in Abu Dhabi on Monday. The presence of major crypto entities and personalities acts as a "massive tailwind for the UAE ... [showing] authentic interest in supporting the industry and bringing more companies here", Brandon Green, chief executive of BTC Inc, told The National at the event.
BTC Inc is the parent company of The Bitcoin Conference and Bitcoin Magazine.
Brandon Green, chief executive of BTC Inc, at the Bitcoin Mena 2025 conference in Abu Dhabi. Victor Besa / The National
"And as that happens, you'll bring top talent and Bitcoin whales, and you'll create a very liquid market for the UAE," he said.
Bitcoin or crypto whales are people or entities that hold a significant amount of cryptocurrencies and may have an influence on price movements. A holder of 1,000 Bitcoin, for example, is considered a whale.
That would also lead to the potential of the UAE becoming the "Wall Street of cryptocurrencies", given its business-friendly regulations and environment, Mr Green said.
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