United Coin

What United Coin does

United Coin is a Dubai-headquartered OTC (Over-The-Counter) cryptocurrency exchange founded in 2014, specializing in direct, personalized buy and sell transactions for USDT, Bitcoin, Ethereum, and other digital assets. The company operates from a physical office on Sheikh Zayed Road near Burj Khalifa Station and serves a global base of 22,000+ customers across 50+ countries via WhatsApp and phone-based sales during office hours, with home cash delivery available in Dubai. It supports both ERC20 and TRC20 networks, and extends into adjacent services including crypto-to-fiat conversion, currency exchange, global money transfers, manager's cheques for property purchases, and a Telegram-based crypto signals community.

The underlying technology stack is intentionally lightweight: the platform is a manually operated OTC desk relying on relationship-based execution rather than algorithmic order matching, with stated security measures including encryption and two-factor authentication. The company leverages a licensed transaction infrastructure partner (Genesis Digital Assets Commercial Brokers CO. LLC) and a real estate partner (Merlin Real Estate) to deliver property-purchase settlement and corporate banking services. There is no public API, SDK, mobile app, or disclosed AI/ML capability, reflecting a service-intensive rather than platform-intensive operating model.

The business model is spread-based: the company advertises "No Fees / Charges" and earns revenue from the differential between buy and sell prices on OTC transactions, with minimum ticket sizes ranging from approximately $10 to $30 depending on asset. Customer segments are primarily retail and high-net-worth individual traders in Dubai, plus international clients and a secondary real-estate-investor segment using crypto for property purchases. Marketing is executed via WhatsApp direct outreach, content marketing (blog, YouTube testimonials, Quora), and event sponsorships at conferences such as TOKEN2049 and Blockchain Life 2024.

Name

United Coin

Legal name

United Coin

Website

https://unitedcoin.ae

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

United Coin is a Dubai-based OTC cryptocurrency exchange founded in 2014, offering personalized buy/sell of USDT, Bitcoin, and Ethereum to retail, high-net-worth, and real estate clients across 50+ countries via WhatsApp and in-person service.

Ownership category

akta.pro rank

Product category

OTC Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSADAJAB

OTC Spot Trading & Block Execution

Financial & Insurance/Crypto & Digital Assets/Institutional Infrastructure (Prime Brokerage, OTC & Liquidity)

SECONDARYBPAMAFAL

Crypto Payments & Stablecoin Settlement Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

SECONDARYTHACAJAF

Cross-Border FX, Multi-currency Settlement & Dynamic Currency Conversion

Travel & Hospitality/Business Travel & Corporate Travel Management/Corporate Payments (Virtual Cards, Lodge Cards, Travel Wallets)

Keywords

• OTC crypto exchange
• Cryptocurrency trading
• Digital asset services
• USDT trading
• Crypto to cash

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. OTC Crypto Trading Spread: Revenue generated from the spread between buy and sell prices in OTC cryptocurrency transactions. The company claims 'No Fees / Charges' but earns revenue through competitive pricing spreads on USDT, Bitcoin, and Ethereum trades.
2. Real Estate Transaction Facilitation: Facilitates cryptocurrency-based real estate transactions, converting crypto to fiat for property purchases in Dubai. Services include preparing manager's cheques, crypto-cash conversion, and bank transfers for corporate clients.
3. Currency Exchange Services: Provides currency exchange services including USDT to AED, USD, Euro, Pound conversions, and international money transfers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

United Coin is a Dubai-based OTC cryptocurrency exchange that facilitates direct buy and sell transactions for USDT, Bitcoin, Ethereum, and other digital assets through a personalized OTC desk with competitive pricing, home cash delivery, and support for both ERC20 and TRC20 networks. The company also facilitates real estate transactions using cryptocurrency and provides corporate financial services including manager's cheques, currency exchange, and money transfers.

Product overview

United Coin is a Dubai-based OTC cryptocurrency exchange offering a unified platform for buying and selling USDT, Bitcoin, Ethereum, and other digital assets. The core offering is the OTC trading desk with personalized service for high-volume transactions, supplemented by crypto real estate transaction services (enabling property purchases with cryptocurrency), corporate financial services (manager's cheques, currency exchange, global money transfers), and educational content through their blog. The company operates as an OTC broker, distinguishing itself from typical online exchanges through direct client transactions with competitive pricing, no fees, and home delivery options.

Differentiator

Problem solved

Functional benefit

Products and services

• United Coin OTC Crypto Exchange Over-The-Counter (OTC) cryptocurrency exchange service facilitating direct buy and sell transactions for USDT, Bitcoin, Ethereum, and other digital assets with personalized service, deep liquidity, and immediate settlement for retail and high-net-worth clients.
• Buy Cryptocurrency Services Services for purchasing various cryptocurrencies in Dubai including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) through the OTC desk with cash or card payment options and home delivery.
• Sell Cryptocurrency Services Services for selling various cryptocurrencies in Dubai including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) with options for cash or bank transfer payouts, and home delivery of cash.
• Crypto Real Estate Transactions Service enabling purchase of Dubai real estate properties using cryptocurrency (Bitcoin, Ethereum, XRP, Litecoin, USDT, and other cryptocurrencies) through facilitated OTC transactions with legal consultation and AML/KYC compliance support.
• Corporate Financial Services Financial services including preparation of manager's cheques for property purchases, crypto-to-cash conversion, currency exchange (USDT to AED, USD, Euro, Pound), global money transfers, and corporate bank transfers.

Quantifiable outcome

• 98% client retention rate
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Merlin Real EstatecoreStrategic or Co-development PartnerUnited Coin partnered with Merlin Real Estate to facilitate cryptocurrency real estate transactions, enabling clients to purchase property in Dubai using Bitcoin and other cryptocurrencies. The partnership addresses the growing demand for crypto-based property purchases in Dubai's real estate market.
• Genesis Digital Assets Commercial Brokers CO. LLCcoreImplementation/ SI/ Consulting PartnerTransactions are facilitated and powered by Genesis Digital Assets Commercial Brokers CO. LLC located at 2302, 23R0 Floor, Single Business Tower, Business Bay, Dubai - UAE. This partner provides the licensed infrastructure for conducting cryptocurrency transactions.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Paxful: Peer-to-peer crypto marketplace supporting 350+ payment methods including cash. Comparable as a P2P/OTC platform with broad geographic reach, similar OTC-style order matching and cash transaction support.
• Rain: MENA-focused cryptocurrency exchange licensed by the Central Bank of Bahrain, offering spot trading of major cryptocurrencies. Comparable as a regulated regional exchange with overlapping customer base across Gulf countries.
• CoinFlip: US-based Bitcoin ATM and OTC operator facilitating cash-to-crypto transactions. Comparable business model around cash-based crypto on/off-ramps for retail customers, though primarily physical ATM-driven versus United Coin's OTC desk approach.
• LocalBitcoins: Peer-to-peer OTC cryptocurrency marketplace originally out of Finland, allowing direct buyer-seller matching for local fiat trades. Directly comparable as it pioneered the OTC trading model that United Coin employs, though it operates as an online platform rather than a desk.
• CoinMena: Bahrain-based, fully licensed crypto exchange serving the MENA region with retail and institutional trading. Comparable as a regulated regional crypto trading platform targeting similar HNW and retail customers in the Gulf.
• BitOasis: Leading MENA-region cryptocurrency exchange offering retail and OTC trading of major digital assets including USDT, BTC, and ETH. Directly comparable to United Coin as both serve the Middle East crypto market with similar asset coverage and customer profiles.

Emerging players

• Yellow Card: Pan-African cryptocurrency exchange and on/off-ramp platform operating across 20+ countries. Comparable as an emerging-markets-focused crypto platform serving underbanked populations with fiat-crypto conversion, though regional focus differs.

Broad incumbents

• Binance: World's largest cryptocurrency exchange by volume, offering spot, derivatives, OTC, and P2P trading globally. Comparable as a broad incumbent that offers OTC desk services and crypto-fiat conversion competing with United Coin's offerings, but at vastly larger scale.
• Kraken: Major US-based cryptocurrency exchange offering OTC desk services alongside spot trading. Comparable as a broad incumbent providing institutional and HNW OTC services that overlap with United Coin's high-value client offering.

Regional players

• Al Ansari Financial Services: UAE-headquartered currency exchange and remittance company offering foreign exchange and money transfer services across the Middle East. Comparable as a UAE-based financial services business serving cross-border currency conversion and cash handling needs, though focused on traditional rather than crypto currencies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/UnitedCoin05
• LinkedInlinkedin.com/company/united-coin-ae

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United Coin