Bitpanda, a European regulated cryptocurrency platform, has expanded its reach in the MENA region with licensing in the UAE from Dubai’s virtual asset regulators. Bitpanda currently holds a license from a crypto brokerage company that can serve retail and institutional investor clients.
After becoming the 17th Crypto broker licensed by VARA, UAE customers will have access to over 500 crypto assets on Bitpanda.
Lukas Enzersdorfer-Konrad, Associate CEO of Bitpanda Group, said Bitpanda aims to ensure that investors and financial institutions have access to a fully compliant digital asset platform.
He said, “This is just the beginning of our expansion beyond Europe. We are ready to grow in regions that are equally embracing innovation and regulations.”
Nadeem Ladki, global head of Bitpanda Technology Solutions, noted that the exchange remains focused on providing innovative, secure solutions, and this is just the beginning. He says there are “more exciting developments to share in the near future.”
At the office of DMCC Crypto Center in Dubai, the Bitpanda team said they are working to adjust the product to the UAE market and will begin boarding UAE investors in the coming months.
Bitpanda shares confidence after license approval
According to Fabian Reinisch, the general counsel of the Bitpanda Group, Bitpanda has received approval at a record time, and it considers it a testament to the 10 years of experience and commitment to the highest regulatory standards of teams working in the digital assets field.
Bitpanda received preliminary approval from Vara in December 2024.
Bitpanda currently holds several licenses in Europe. This includes microlicensing from German regulator BAFIN, registration with the UK FCA, PSD2 electronic license, MIFID II license, and VASP registration in multiple markets.
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