Page 172 - AAE PR REPORT - APRIL 2025

4/11/25, 10:08 AM MultiBank Group Announces the Trading Volume of USD 55.85bn » World Business Outlook

MultiBank Group (Image: Business Wire)

Throughout 2024, MultiBank Group witnessed remarkable growth, marked by increased revenue resulting from
international expansions and new product rollouts. Among the most notable innovations was the debut of
MultiBank-Plus, a next-generation platform and app designed to deliver a seamless trading experience. The
company further enhanced its position in the digital asset arena with the launch of the MultiBank.io Crypto
Exchange App, setting new benchmarks for operational efficiency around cryptocurrencies. Additionally, MEX
Exchange, the first global ECN tool tailored for the BRICS and GCC regions, brought unmatched liquidity and
advanced capabilities to a rapidly growing industry.
Strategic partnerships have played a pivotal role in bolstering MultiBank Group’s presence. Collaborations with Al
Ansari Exchange and Mashreq Bank streamlined transactions, offering users faster and more
convenient deposit and withdrawal solutions. The Group also secured Dubai’s prestigious Virtual Asset Service
Provider (VASP) license, highlighting its commitment to stringent governance standards and dedication to
excellence.

Building on this momentum, the organization delivered outstanding financial results for 2024, with revenue
surpassing USD 361 million and net income exceeding USD 264 million, reflecting 16% growth.

Established in California in 2005, MultiBank Group offers financial services to more than two million clients in over
100 nations. With licenses from 17 reputable global regulatory bodies, the company continues to prioritize
exceptional service and continuous innovation in markets.

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