UAE-based financial services firm ADAB Solutions has announced plans to launch the world’s first Shariah-compliant cryptocurrency exchange.
The platform, called the First Islamic Crypto Exchange (FICE), will target the 1.8-billion Muslim community worldwide, while operating globally and being available to all users, regardless of their religion.
FICE can process up to 3 million inquiries per second, making it one of the quickest crypto exchanges, Md Mofassair Hossain, a marketing advisor at ADAB, claimed in a blog post on Monday. Commission fee for the currency exchange will be fixed at 0.05%-0.2% per deal.
The exchange will support the cryptocurrency trading pairs of Bitcoin (BTC) and ...
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