BurjX
BurjX is an ADGM-regulated digital asset brokerage and custodian in Abu Dhabi serving UAE retail traders, regional institutional clients, and OTC counterparties with a 100+ asset trading platform built on Fireblocks custody and Zand Bank AED rails.
- Company typePrivate
- Founded2024
- HeadquartersAbu Dhabi, United Arab Emirates
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What BurjX does
BurjX (legal entity BurjX MENA Ltd.) is a UAE-based, ADGM-regulated digital asset brokerage and custodian headquartered in Abu Dhabi (Sky Tower, Al Reem Island) and founded in 2024. The platform enables users to buy, sell, and trade over 100 digital assets against AED and USD, with primary customer segments spanning UAE retail traders, regional institutional clients (asset managers, family offices, prop firms, OTC desks, HNW individuals), and high-volume OTC counterparties. It operates a mobile-first self-serve product (iOS/Android and web) with a streamlined 60-second KYC flow, supported by an OTC desk and an institutional program with dedicated relationship management.
Underlying technology is assembled from best-in-class infrastructure providers rather than built in-house: custody is powered by Fireblocks, AED fiat on/off-ramps run through Zand Bank, and the platform advertises a Nasdaq-grade Order Management System rated at nearly 1 million transactions per second for institutional flows. In April 2026 BurjX extended its multi-chain stablecoin infrastructure beyond Ethereum to include Tron (TRC20), BNB Smart Chain (BEP20), Solana, and Stellar, enabling compliant stablecoin settlement across major networks within the UAE regulatory perimeter.
The business model is a transaction-based take-rate: BurjX routes customer orders to external liquidity providers (market makers, OTC desks, exchanges, broker-dealers) and earns the spread between execution price and the best bid/offer from those providers. Pricing is pay-as-you-go, with undisclosed spread economics for retail, exclusive fee structures for institutional clients, and custom quotes for OTC trades. Go-to-market is hybrid — product-led self-serve for retail, dedicated enterprise sales for institutional, white-glove service for OTC, and a referral/affiliate program for community-led acquisition. The company was founded by the co-founder of Canada's NDAX and a former Goldman Sachs executive, and has raised $3.16M in a single disclosed round (October 2024) from undisclosed investors.
BurjX firmographics
Firmographics- Name
- BurjX
- Legal name
- BurjX MENA Ltd.
- Website
- https://burjx.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- BurjX is an ADGM-regulated digital asset brokerage and custodian in Abu Dhabi serving UAE retail traders, regional institutional clients, and OTC counterparties with a 100+ asset trading platform built on Fireblocks custody and Zand Bank AED rails.
- Ownership category
- akta.pro rank
BurjX industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (5232), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)
- akta.pro secondary industry
- Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
Keywords
Where BurjX is headquartered
LocationHeadquarters
- HQ city
- Abu Dhabi
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
BurjX business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Transaction Spread Revenue: BurjX earns revenue from the percentage of the spread between the execution price of an executed order and either the Best Bid (for sell orders) or Best Offer (for buy orders) sourced from Liquidity Providers. BurjX routes customer orders to Liquidity Providers including market makers, OTC desks, exchanges, and other broker-dealers. The company makes money through bid-ask spreads when customers purchase or sell digital currency on the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Retail Trading |
| Transaction based/ take rate | Pay-as-you-go | Institutional Program |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels5 records
BurjX product offering
Product offeringCore offering
BurjX is a UAE-based digital asset brokerage and custodian, licensed by the FSRA of Abu Dhabi Global Market (ADGM), that operates a regulated crypto trading platform supporting over 100 digital assets with AED trading pairs. It provides retail self-serve trading via mobile and web, an OTC desk for large transactions, and an institutional program with corporate onboarding, deep liquidity, and dedicated relationship management. Custody is powered by Fireblocks, and AED banking rails are integrated through Zand Bank to enable compliant fiat-to-crypto and crypto-to-fiat transactions across multiple blockchains.
Product overview
BurjX is a UAE-based digital asset brokerage and custodian licensed by ADGM's Financial Services Regulatory Authority (FSRA), operating as a unified crypto exchange platform. The core offering includes a trading platform (Markets) for buying and selling 100+ digital assets, complemented by an OTC Desk for large institutional trades, an Institutional Trading Program with corporate solutions, and an Affiliate Program for referrals. Additional services include BurjX Academy for crypto education. The platform is powered by Fireblocks for institutional-grade custody and integrates Zand Bank for AED banking rails, enabling compliant stablecoin settlements across Tron, BNB Smart Chain, Solana, Stellar, and Ethereum networks.
Differentiator
Problem solved
Functional benefit
Products and services
- Buy Crypto / Markets
Quantifiable outcome
- Verification in 60 seconds or less
- +1 more outcomes
Companies that use BurjX
Customer profileSegments4 records
Ideal customer profiles3 records
BurjX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
BurjX partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- FireblockscoreFireblocks provides institutional-grade digital asset custody infrastructure for BurjX. The platform leverages Fireblocks' battle-tested custody infrastructure backed by bank-grade security and market-leading insurance protection, trusted by the world's leading financial institutions.
- Zand BankcoreZand Bank provides AED banking rails enabling BurjX to offer integrated UAE banking infrastructure for fast, reliable AED deposits and withdrawals. This partnership enables seamless fiat-to-crypto and crypto-to-fiat transactions within the UAE regulated financial system.
- Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)coreADGM's Financial Services Regulatory Authority is the regulatory body that licenses and regulates BurjX for both brokerage and custody operations under the world's first purpose-built regulatory regime for virtual assets.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
BurjX competitors and assessment
Company assessmentBroad incumbents
- Bybit: Global crypto exchange with strong UAE/MENA presence and institutional offerings. Overlaps with BurjX in retail spot, derivatives-adjacent flow, and OTC trading.
- Coinbase: Largest US-regulated crypto exchange offering retail, institutional, and custody services. Comparable dual brokerage-and-custody regulated model at global scale.
- Crypto.com: Global crypto exchange and app with retail and institutional offerings plus card/payment services. Competes for retail trading volume and brand-led user acquisition in MENA.
- Kraken: Global regulated crypto exchange with institutional and OTC services. Comparable business model mix (exchange + custody + institutional) and competes for the same institutional clients expanding into MENA.
- OKX: Global crypto exchange with active MENA expansion and institutional product suite. Competes with BurjX in spot trading, OTC, and on-chain stablecoin services at much larger scale.
- Binance: Global crypto exchange with established UAE regulatory presence and AED trading. Competes with BurjX across retail, institutional, and OTC segments with significantly deeper liquidity and brand.
Direct peers
- M2: UAE-based regulated crypto exchange licensed in Abu Dhabi offering retail and institutional trading with AED pairs. Closest direct competitor given shared ADGM regulatory perimeter.
- BitOasis: UAE-headquartered regulated crypto exchange serving retail and institutional clients across MENA with AED on-ramps. Direct head-to-head competitor to BurjX in the same geography and regulatory environment.
- Rain: Bahrain-based, regulated MENA-focused crypto brokerage and custodian serving retail and institutional users. Comparable regional positioning, regulated licensing, and multi-segment trading offering.
Regional players
- NDAX: Canadian regulated crypto exchange co-founded by BurjX CEO Omar Abbas. Operates the same regulated spot exchange and OTC playbook in a different geography, providing a directly comparable operating model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
BurjX social profiles
Digital presenceBurjX compliance and trust
Trust signalCompliance1 record
BurjX financial estimates
Financial estimateRevenue estimate
Valuation estimate
BurjX leadership team
Management profileNumber of profiles
Profiles2 records
BurjX funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BurjX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BurjX
What does BurjX do?
BurjX is a UAE-based digital asset brokerage and custodian, licensed by the FSRA of Abu Dhabi Global Market (ADGM), that operates a regulated crypto trading platform supporting over 100 digital assets with AED trading pairs. It provides retail self-serve trading via mobile and web, an OTC desk for large transactions, and an institutional program with corporate onboarding, deep liquidity, and dedicated relationship management. Custody is powered by Fireblocks, and AED banking rails are integrated through Zand Bank to enable compliant fiat-to-crypto and crypto-to-fiat transactions across multiple blockchains.
Is BurjX a public or private company?
BurjX is a private company. It is classified as venture growth investor backed and is currently operating.
When was BurjX founded?
BurjX was founded in 2024. It employs 1 to 10 people.
Where is BurjX based?
BurjX is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.
How does BurjX make money?
One revenue line is on record: transaction Spread Revenue.
Who are BurjX's main competitors?
Broad incumbents on record are Bybit, Coinbase, Crypto.com, Kraken, OKX and Binance. Direct peers are M2, BitOasis and Rain. NDAX is listed as a regional player.
Does BurjX have an API?
No public API is recorded for BurjX.
What industry is BurjX in?
BurjX's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine), with a secondary code of FSADAAAG, Crypto Custody & Exchange Wallet Services (Integrated). Its NAICS code is 5232 and its SIC code is 6200.