Press release
PRESS RELEASE. Dubai, United Arab Emirates, March 2023 – MaskEX, a rapidly expanding third-generation cryptocurrency exchange based in Dubai, has announced the launch of its cryptocurrency-backed virtual card, which allows users to spend their cryptocurrency as fiat currency in more than 176 countries with more than 50 Millions of merchants around the world. This new feature is now available to all MaskEX users with verified ID.
MaskEX has also announced that Ben Caselin, former head of research and strategy at Hong Kong-based crypto exchange AAX, has joined MaskEX in the role of Vice President. Building on nearly 4 years at AAX, Mr. Caselin has played a significant role in driving the widespread adoption of bitcoin and digital assets through the platform, especially in emerging markets. At MaskEX, Mr. Caselin will oversee all global and localized marketing, communications, and business development initiatives.
“We are excited to offer our users the ability to spend their crypto wherever and whenever they want with the launch of the MaskEX virtual card,” said Eric Yang, CEO of MaskEX. “Our vision is to make cryptocurrencies more accessible and find ways to integrate them more into people’s daily lives.”
“We are also delighted to have Ben Caselin join us, not only because we believe he can play a vital role in our global expansion efforts, but also because of the dire situation he has witnessed up close at AAX, following the collapse of FTX in end of 2022. As we have observed, it puts users before business and in reaching out to Ben, we have specifically asked him to be uncompromising and take a close look at our operations.”
“As a third-generation crypto exchange, we are one of 18 globally centralized exchanges that provide Proof of ReservesMr. Yang said, “and with the Abu Dhabi Sovereign Wealth Fund, under the command of Sheikh Hamad Rakadh Salem Hamad Alameri, as one of the main stakeholders, we know we are in a very good place to compete with the largest trading platforms in the world.
Joining MaskEX, Mr. Caselin stated that “while the industry is still suffering from contagion and a severe lack of investor confidence, we cannot afford to give up now.”
“At this stage in the development of this nascent industry, properly managed centralized exchanges can still play an important role in raising awareness of digital assets, providing a point of contact for regulators, cooperating with the existing banking sector and providers. to speed up integration, and of course, in driving the widespread adoption of bitcoin and digital assets everywhere.”
About MaskEX
Based in Dubai, United Arab Emirates, MaskEX is a third-generation centralized crypto exchange, founded in 2021, that aims to provide easy and secure access to digital assets for everyone. With a wide range of innovative products and services, MaskEX is committed to empowering users globally and contributing to the growth of the cryptocurrency and blockchain industry. MaskEX offers a user-friendly interface and advanced trading tools, making it easy for both novice and experienced traders to navigate the cryptocurrency market. The exchange offers a wide range of products, including savings packages, more than 300 spot pairs, and highly liquid futures markets. Additionally, MaskEX offers a range of input and output products to help users easily convert fiat currency into digital assets and vice versa. With a growing user base of over one million users worldwide, MaskEX is dedicated to promoting the adoption of digital assets and building a more inclusive economy for all smart cities and their citizens.
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