A Dubai-based startup has announced it is launching a new digital portal for trading cryptocurrency, according to its CEO. 

The CEO for the startup – Arabian Chain – Mohammed Alsehli said on Monday that the platform, Palmex will allow users to trade in cryptocurrencies including Bitcoin and Ethereum. 

According to Thomson Reuters, Palmex will also offer its own cryptocurrency called ‘DubaiCoin’ which will be a new digital currency available on the platform. 

Alsehli said at a press conference: “The aim of Palmex is to deal with the users already in the market to make them trade in an easy way and also help attract new users.”

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