Press release
PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a fast-growing crypto exchange with headquarters in Dubai, has launched its crypto-backed Virtual Card. This feature allows customers to use digital assets as fiat currency in more than 176 countries and 50 million merchants worldwide. Those who have completed the MaskEX ID verification process can now make use of this new offering.
MaskEX has also welcomed Ben Caselin, former Head of Research & Strategy at Hong Kong-based crypto-exchange AAX, in the role of Vice President. For almost 4 years, Mr. Caselin was actively involved in driving the adoption and popularity of digital assets via the platform, particularly in emerging markets. At MaskEX, he will be responsible for managing all global and local marketing, communications, and business development initiatives.
“We are delighted to offer our users the ability to spend their crypto anywhere and anytime with the introduction of the MaskEX Virtual Card,” commented Eric Yang, CEO of MaskEX. “Our mission is to make crypto more accessible and find ways to integrate it more into people’s everyday lives.”
“We are also thrilled to have Ben Caselin on board, not only because we have confidence in his ability to contribute to our global growth efforts, but also because of the crisis he had to face at AAX following the collapse of FTX in late 2022. We have specifically asked him to be uncompromising and closely examine our operations, and it is evident that he puts customers before business.”
“As one of the 18 centralized exchanges that offer Proof-of-Reserves, we have the backing of Abu Dhabi’s Sovereign Wealth Fund, under Sheikh Hamad Rakadh Salem Hamad Alameri,” added Mr. Yang. “We are in the ideal position to compete with the biggest trading platforms on the planet.”
Upon joining MaskEX, Mr. Caselin remarked that “even though the industry is still struggling due to the contagion and a severe lack of trust from investors, we must not give up.”
“At this stage in the development of this nascent industry, properly managed centralized exchanges can still play an important role in educating the public, building confidence and increasing liquidity. I am looking forward to helping MaskEX accomplish these goals.”
MaskEX, a leading cryptocurrency exchange founded in DubaiUAE, has recently announced the launch of its virtual card for global spending. The exchange also welcomed Ben Caselin, who will be its new Vice President to drive its global expansion efforts.
MaskEX is a third-generation crypto exchange that offers a user-friendly platform and advanced trading tools to users, both novice and experienced. It also offers a wide range of products including savings packages, spot pairs, and highly liquid futures markets. In addition to that, the exchange also provides on- and off-ramp products that enable users to easily convert fiat currency into digital assets and vice versa.
The exchange is now set to expand its operations to more regions with the help of Ben Caselin, who will be joining MaskEX as its Vice President. Ben has a wealth of experience in the blockchain and cryptocurrency industry and has been involved in the development of multiple projects in the past. In his new capacity, Ben will focus on raising awareness around digital assets, providing points of contact for regulators, and cooperating with the existing banking sector and payment providers to accelerate the integration of digital assets globally.
MaskEX is dedicated to the promotion of digital assets and building an inclusive economy that benefits all smart cities and their citizens. With a user base of more than one million, the exchange is well-positioned to drive mainstream uptake of digital assets.
