About Meridian OTC

Meridian OTC is the trading name of Meridian Digital Assets FZE, a Broker-Dealer licensed by Dubai's Virtual Assets Regulatory Authority (licence VL/24/03/017). We buy USDT from clients and pay AED or USD to their own bank account.

What we do

We run one service: large USDT sales settled by bank wire. A client sells from around 100,000 USDT; the all-in spread is 0.08% to 0.40% depending on size and is published openly on our main page. AED settles by UAEFTS the same business day an approved account trades; USD goes by SWIFT in 2 to 5 business days.

We do not run an exchange, do not hold client balances between trades, and do not sell USDT to clients — the desk works in one direction.

How we work

• Every trade has a written quote and a named dealer on the confirmation.
• Fiat settles only to an account in the client's own name, registered during onboarding.
• Client money in transit sits in a designated Client Account at Emirates NBD Bank PJSC, outside our group.
• Our reporting is audited by Grant Thornton UAE.

Licence and registration

Meridian Digital Assets FZE holds VARA licence VL/24/03/017 for Broker-Dealer Services, valid to 16 March 2027, and CMA registration CMA-VASP-0100000-0042. The entry, the licensed activities and the Responsible Individuals are verifiable in the VARA public register. Our LEI is 2549004XZKJ8N1VQPM71, searchable in GLEIF.

Office and contact

Office 2704, Almas Tower, JLT, Dubai, UAE. Dealing hours Sunday to Thursday, 09:00–18:00 GST. The desk answers in writing: [email protected] or @meridian_otc. You are welcome to visit the office — a private office is a condition of our licence category, not a marketing choice.

Why we publish guides

Our guides exist because clients ask the same questions before their first trade: is this legal, what does it cost, how does the money arrive. We write the answers the way we answer them at the desk, reviewed by the Head of Dealing — see our editorial policy.