Inside UzNEX, A Success Story by KOBEA Group

In a region rapidly embracing digital finance, UzNEX has emerged as Central Asia’s largest government-licensed cryptocurrency exchange. Launched on January 20, 2020, UzNEX marked a turning point for Uzbekistan’s fintech sector, offering a fully compliant digital asset trading platform backed by regulatory clarity and institutional trust.

The platform was developed through a strategic partnership between KOBEA Group and Uzbekistan’s National Agency for Promising Projects (NAPP), the government body responsible for regulating digital assets and blockchain initiatives aiming to build a secure and innovative blockchain ecosystem. KOBEA, founded in 2018 with support from global blockchain leaders including EMURGO Co. Ltd. (a founding entity of the Cardano blockchain), worked closely with Uzbek regulators to bring the vision of a regulated crypto market to life.

Since its inception, UzNEX has consistently posted strong trading volumes and helped shape Uzbekistan’s digital asset framework. As of 2025, the country now hosts 14 licensed service providers, including three exchanges and two custodial services, evidence of a growing, well-structured market.

Now, UzNEX is setting its sights beyond national borders. Over the next five years, it plans to open its platform to global projects, offering a regulated gateway into Central Asia’s emerging digital economy.

With its strong compliance model, proven infrastructure, and government support, UzNEX has evolved beyond a regional success story to become a leading example of how the digital asset industry can grow responsibly in emerging markets.

UzNEX is currently the only cryptocurrency exchange in Uzbekistan that supports trading based on the country’s official currency, UZS (Uzbekistani So’m). Through integration with Octo Bank, UzNEX enables fiat deposits and withdrawals via UzCard and HumoCard, which are widely used by the majority of Uzbek citizens. The platform also plans to introduce additional financial features soon, including USD top-ups via VISA and MasterCard, as well as a crypto card service that will enable cryptocurrency payments.

In addition, UzNEX is set to introduce a range of new services through an upcoming upgrade, including futures trading, staking, DeFi (Decentralized Finance) services, and an NFT marketplace.

After its successful launch and operational experience in Uzbekistan, UzNEX is now expanding its service offerings and market access to global cryptocurrency projects and service providers. Over the next five years, the platform is well-positioned to strengthen its presence in local networks and provide sustainable growth opportunities for global partners seeking to enter both the Uzbek and broader Central Asian markets by combining top-tier global technology with deep local expertise.

UZNEX Website: www.uznex.com

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