Crypto exchange Binance announced on Tuesday that it had signed a co-operation agreement to join the Dubai World Trade Centre Authority’s new crypto hub. This comes after the Dubai World Trade Centre announced it was becoming a cryptocurrency zone in Dubai on Monday.

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The agreement, of which is a Memorandum of Understanding specifically, means that Binance, as per their announcement and as part of the deal, will help the authority “outline the vision of accelerating the set-up of a new industry hub for Global Virtual Assets”.

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“Binance believes that Dubai’s new agenda will contribute to the growth of the global economy”, the company said in a statement, further adding; “The goal is to assist crypto exchanges, businesses that offer blockchain and Distributed Ledger Technology (DLT) services, and a wide range of digital currencies and assets to become licensed in Dubai”.

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