-- UAE-based crypto asset exchange, BDAMEX, is building one of the world's 
first highly regulated exchanges - focusing on an institutional client base.

BDAMEX is pleased to announce that they have been awarded in principle approval 
(IPA) to operate a crypto asset exchange.  The license was granted earlier this 
year by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global 
Market (ADGM). 

Under the regulatory frameworks set by the FSRA, BDAMEX will provide a 
comprehensive exchange platform instilled with proper regulated governance, 
oversight and transparency over crypto asset activities that until this point 
has been lacking in the marketplace. 

With a growing demand for institutional investment in crypto assets, BDAMEX's 
regulated exchange will meet the needs of the crypto asset customer base.

In partnership with leading financial institutions, market makers, exchanges 
and world class technology partners BDAMEX expects to build a regulated crypto 
asset exchange, with a focus on an institutional client base – before the end 
of 2019. 

Richard Schaeffer, former Chairman of New York Mercantile Exchange (NYMEX) who 
was responsible for NYMEXs transformation into an electronic trading platform 
while increasing its value to over 13bn USD, spearheading one of the most 
successful IPOs in history, has joined as the Chairman of BDAMEX. 

Schaeffer is confident that "the team at BDAMEX is building a world-class 
regulated exchange where institutional traders, high net worth individuals and 
retail investors can come and find a safe and secure platform to trade crypto 
assets."

BDAMEX is honored to continue to help build on the UAE's Founding Father the 
late Sheikh Zayed Bin Sultan Al Nahyan's visionary leadership to establish the 
pillars of success for the United Arab Emirates. 

SOURCE BDAMEX

CONTACT: Richard Schaeffer, Chairman, +1-917-658-2348, +1-917-781-1961, 
contact@BDAMEX.com; OR, Jaclyn Finger, PR Contact, Jfinger@sawtoothgroup.com, 
+1-732-945-1060