Cointelegraph, the prominent blockchain and cryptocurrency-focused media outlet, is expanding its presence in the Middle East and North Africa (MENA) region with the help of a new franchise owner, Luna Media Corporation.
Based in Dubai, Luna Media Corporation is a media group that aims to promote the Web3 industry through a variety of unrelated ventures and investments. The new franchise will be crucial in increasing the exposure of blockchain projects and activities in the MENA region to a global audience, according to Tuesday’s announcement.
Founded in 2013, Cointelegraph has been at the forefront of blockchain and Web3 news, covering cryptocurrencies, non-fungible tokens (NFTs), the metaverse space, decentralized finance (DeFi), and other emerging financial technologies.
Elijah Leyb, Vice President of Global Operations at Cointelegraph, monitors 10 local versions of the site in addition to the main English edition, including French, Spanish, German, Italian, Turkish, Chinese, Korean, Portuguese, and Arabic. Leyb said he is “looking forward to securing our position in the very promising MENA region with our new partner.”
Commenting on the new development, Cointelegraph Editor-in-Chief Kristina Lucrezia Cornèr stated:
“The MENA region is booming with innovative projects, including blockchain and cryptocurrencies, and it is an incredible opportunity for us to grow our readership through original content produced in Arabic from one of the most active modern hubs in the fintech community, Dubai”.
Cointelegraph MENA It will offer informative coverage in Arabic of the main news and technological advances of each country in the area. The publication will have a significant impact in a market that is growing rapidly. To follow the latest news from Cointelegraph MENAvisit ar.cointelegraph.com.
The MENA region has been a hub of activity in the cryptocurrency and blockchain space in recent years. The United Arab Emirates has been leading the charge with its regulatory efforts and is home to a number of major blockchain and cryptocurrency brands.
In 2021, Morocco was the most popular market for Bitcoin (BTC) in North Africa – even though it is illegal in the country. As Cointelegraph reports, the “Kingdom of the West,” as it is known locally, was the North African leader in Bitcoin trading in 2021, narrowly surpassed by Saudi Arabia when looking at the entire MENA region.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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