Leading crypto exchange, Crypto.com, has appointed Mohammed Al Hakim as President of its United Arab Emirates (UAE) operations, as learned by Finbold on Wednesday, December 18.
The move comes as Crypto.com highlights the importance of regional growth and diversity and marks the first time an Emirati and Gulf Cooperation Council (GCC) national assumed this role within the broader cryptocurrency industry.
With over ten years of experience in business development and financial innovation behind him, Mohammed Al Hakim, secured partnerships that attracted more than $800 million in foreign investments in Dubai, the UAE government projects, and Emirati talent programs.
Picks for you
He is a member of the Mohammed Bin Rashid Center for Leadership Development (MBRCLD), responsible for spotting and nurturing future regional leaders and innovators. Before that, he served in key roles at the UAE Ministry of Human Resources and Emiratisation and significantly contributed to the Ministry’s excellence award for partnership and integration.
Crypto.com predicts the region to be a future crypto hub
Crypto.com recognized the UAE and GCC as a key emerging hub for digital assets, with over $30 billion in transaction volume between July 2023 and June 2024. In his new role, Al Hakim will lead Crypto.com’s regional initiatives in collaboration with the UAE government, local blockchain and financial innovation projects, and GCC’s various council programs.
Eric Anziani, President and Chief Operating Officer of Crypto.com, greeted the new addition to the Crypto.com’s team:
We’re really excited to welcome Mohammed Al Hakim to Crypto.com, and appreciate the knowledge, experience and background he will bring to our expanding UAE team. 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.’
Mohammed Al Hakim welcomed the decision:
‘I am honored to join Crypto.com at such an exciting time for the cryptocurrency industry. 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.’
He added:
‘This role is an opportunity to give back to my country and region, and I am committed to making a meaningful impact.’
Crypto.com continues to expand in the UAE, as the appointment of the President of the UAE operations follows the recent acquisition of Orion Principals Limited, regulated by the Abu Dhabi Global Market (ADGM), and the launch of an AED Wallet for seamless local currency transactions.
