CoinCorner Partners with Al Maktoum Family Office to Offer BTC Trading in UAE

British Bitcoin (BTC) exchange, CoinCorner has inked a strategic partnership with the Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum to offer residents of the United Arab Emirates an avenue to transact in digital currencies.


As announced by the Seed Group, the partnership will involve CoinCorner setting up a trading platform that UAE residents can easily access to conduct Bitcoin and crypto-related transactions. Founded in 2014, CoinCorner is a trading outfit regarded as an early pioneer in the crypto trading space.

“The collaboration will help propel our business interests and goals in the MENA region through the group’s support and a strong base of regional connections. We are committed to making Bitcoin transactions the “new normal” in the UAE with the help of our unique solutions facilitating instant and frictionless payments,” said Danny Scott, Co-founder, CoinCorner.

On the part of the Seed Group, the family office will use its influence to help promote the integration of CoinCorner’s entry into the UAE and the surrounding regions. Building on its ultimate focus of helping to power growth in the UAE, Seed Group will also help CoinCorner to reach the right audience in a mutually beneficial way.

The United Arab Emirates is adjudged as one of the most proactive countries because it concerns digital currencies’ growth and related advances. The country is ranked as the third biggest market in the Middle East, with a transaction volume of $26 billion. The country has the right legislation and has started attracting top-profile crypto firms to its shores.

In a related move, Binance Exchange entered into a strategic alliance with Dubai’s Virtuzone to enable residents to pay for everyday items using digital currencies. Besides Binance, other exchanges are jostling to take a share of the market in the UAE, and many have already been granted the operational license.

Image source: Shutterstock


Tagged : / / /

Oxford City Football Club Partners with CoinCorner to Accept Bitcoin Payment

Oxford City Football Club (OCFC), one of the world’s most successful and coveted football clubs, has partnered with Isle of Man-based bitcoin company CoinCorner to offer bitcoin payments.

Starting Aug. 6, users can buy tickets, food, and drinks at its RAW Charging Stadium using bitcoin, which is accepted as an alternative to credit cards and cash.

Oxford City Football Club (OCFC) has become the first National League football club to accept BTC matchday payments.

CoinCorner has also launched a new limited-edition Oxford City FC branded bolt card, which fans can purchase at the club store.

As part of the partnership agreement, CoinCorner will also be a sponsor of the Oxford City shirts, which will feature a Bitcoin logo on the home and away shirts after the start of the season on August 6.

“We believe this move will set a trend across Non-league and Football League divisions as digital currency establishes itself as the new normal for sports fans and event-goers across the U.K.”, CoinCorner CEO Danny Scott noted.

Football clubs are not getting behind the cryptocurrency bandwagon. For example, Premier League giants Manchester City tokenized their players through Superbloke in August 2019.

Singapore-based – one of the most fastest-growing cryptocurrency exchanges, said on Jan 17 that it has signed a five-year partnership agreement with the Australian Football League (AFL).

Image source: Shutterstock


Tagged : / / /

Bitcoin Exchange CoinCorner Acquires Customer Base, Domains Of Coinfloor

The U.K.-based exchanges agreed to move Coinfloor customers over to CoinCorner “to further bitcoin adoption.”

  • CoinCorner acquired Coinfloor’s customer base and internet domains ( and
  • Coinfloor customers have one month to decide whether to migrate or close their accounts. If they choose to close their accounts, they have to withdraw all their funds.
  • CoinCorner will offer Coinfloor customers a broader range of services, including bitcoin cashback.

CoinCorner, a bitcoin exchange and service provider in the U.K., announced today that it had acquired the customer base and the internet domains of another British BTC exchange, Coinfloor.

“We’re very excited to welcome Coinfloor customers to CoinCorner,” said Danny Scott, CoinCorner CEO, in an announcement shared with Bitcoin Magazine. “Customers will now have access to our wide range of offerings, including Lightning payments, Bitcoin cashback, and many more features coming soon, such as debit cards and Bitcoin backed loans.”

Coinfloor customers will have one month, starting from October 4, to either migrate their accounts, contracts, and balances to CoinCorner or close their Coinfloor accounts and withdraw all available funds after fees. If the user doesn’t manually choose one route, their accounts and balances will be automatically migrated.

Coinfloor was founded in 2013 and has been the longest-running bitcoin exchange in the U.K. During the transition period, the company’s CEO Obi Nwosu will take on an advisory role at CoinCorner.

“CoinCorner and Coinfloor have always stood for the same principles: the growth and support of the Bitcoin technology philosophy and community; focus on helping customers as our highest priority; and providing safe and simple ways to buy Bitcoin,” said Nwosu. “Above all, we are both focused on making Bitcoin simple, secure and reliable for our users.”

CoinCorner, founded in 2014, offers a broader range of bitcoin-related services, including buying and selling BTC, a bitcoin payment solution, and the first bitcoin cashback service available for the U.K.


Tagged : / / / / / /

Crypto Holders in the UK Cannot Deposit Profits in Banks

For the past few months, Bitcoin has been rallying to all-time highs, but anyone who wants to take profits might struggle to cash into banks. It is because some banks are refusing transfers from bitcoin exchanges. 

HSBC, one of the world’s largest banks, does not process cryptocurrency payments and does not allow customers to transfer money from digital wallets. While other leading banks accept transfers from digital wallets to checking accounts, many bitcoin holders cannot use their credit cards to buy or sell bitcoin.

Why Banks Are Hesitant

With the price of bitcoin soaring over $ 40,000 this week after rising about 300% last year, this may be the first time many people have decided to cash out profits.

To buy cryptocurrency, you need to use an exchange like Coinbase to open an account. After you deposit funds into your account via wire transfer or using a debit or credit card, you can buy and sell Bitcoin. Banks that accept transfers from digital wallets ask users to convert bitcoin to a fiat currency such as pound sterling, euro, or dollar to cash in profits.

Since some banks are reluctant to accept wire transfers, there is a risk that their profits will remain on the platform and become unusable until they find a company that does. Experts advise people to ask their bank for their guidelines before investing in bitcoin or any other cryptocurrency.

The money laundering problem is at the root of bitcoin skepticism. The nature of cryptocurrency makes it challenging to trace origins, so many believe this is the perfect way for criminals to cover up their activities.

Trading Bitcoin Simplified Over the Years

In some ways, the pandemic underscores the need for sustainable market investment opportunities by 2021. What started as a search for interest rates above inflation has become a more profound need for growth and security. Now people are looking to diversify into alternative investments, and cryptocurrencies offer everything from secure guarantees to security protection to currency trading.

Adrian Lowcock of investment platform Will Owen said Bitcoin trading has gotten easier over the years, as most exchanges have been improving their processes since the currency’s last rally three years ago.

However, he warns that it often depends on the platform you’re buying cryptocurrency on and how you buy it, whether it’s easy to sell or not. Unlike cash, Bitcoin cannot process many transactions required to be a cash alternative.

Coin Corner’s Danny Scott said that they haven’t made it difficult for their customers to liquidate their bitcoins for a while. Banks are more comfortable with bitcoin as long as the funds’ source is exact; there are no issues.

Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Tagged : / / / / / / / / / /
Bitcoin (BTC) $ 37,682.10 0.10%
Ethereum (ETH) $ 2,035.77 0.58%
Litecoin (LTC) $ 69.42 0.25%
Bitcoin Cash (BCH) $ 222.41 0.49%