• MaskEX, a rapidly expanding third-generation crypto exchange headquartered in Dubai, has launched their crypto-backed Virtual Card to enable users to spend their crypto as fiat.
• Ben Caselin, former Head of Research and Strategy at Hong Kong-based crypto exchange AAX, has joined MaskEX in the role of Vice President.
• Abu Dhabi’s Sovereign Wealth Fund is a major stakeholder for MaskEX.
MaskEX Launches Crypto-Backed Virtual Card
Dubai-headquartered crypto exchange MaskEX has announced the launch of its crypto-backed virtual card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now available to all ID-verified MaskEX users.
Ben Caselin Joins MaskEX
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. At MaskEX, Mr. Caselin will oversee all global and localized marketing, communications and business development initiatives.
Abu Dhabi’s Sovereign Wealth Fund
Eric Yang, CEO of MaskEX stated that „with Abu Dhabi’s Sovereign Wealth Fund as a major stakeholder we know we are in a very good place to compete with the world’s biggest trading platforms.“
Vision for Mainstream Adoption
Mr. Yang highlighted that „our vision is to make crypto more accessible and find ways to integrate it more into people’s everyday lives.“ Ben Caselin echoed this sentiment by stating that „at this stage in the development of this nascent industry properly managed centralized exchanges can still play an important role in raising awareness around digital assets providing a point of contact between digital assets and traditional finance.“
Uncompromising Focus on Users
Mr. Yang revealed that they had specifically asked Mr. Caselin „to be uncompromising and closely scrutinize our operations“ when joining the team due his focus on putting users before business from his experience at AAX.