Exchanges get religion in pursuit of Muslim cryptobros

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Cryptocurrency exchanges including Binance are rolling out halal investment options in an effort to entice Muslim investors.

Tokens backed by gold, platforms that avoid interest-bearing mechanisms, smart contracts designed around Islamic finance principles and tokenised sukuk (Islamic bonds) are just some of the offerings.

The exchanges aim to fill what they see as a gap in the cryptocurrency market for faith-based investors primarily in the Middle East, experts have told AGBI.