Europe's cryptocurrency platform Bitpanda has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai, allowing it to expand beyond Europe.
Strategic Growth in the Middle East
Headquartered at the DMCC Crypto Centre, Bitpanda is actively preparing for regional operations by assembling a team of local experts and forming partnerships with financial entities such as RAKBANK and licensed UAE crypto platform CoinMENA. Eric Demuth, co-founder and CEO of Bitpanda, stated, "In Europe, we have established ourselves as the most trusted and regulated digital asset platform. Expanding to the UAE as our first step beyond Europe showcases our ability to scale this compliance-first model globally. Dubai offers immense opportunities, and we’re ready to seize them as a leading crypto broker and infrastructure provider."
Dubai: A Global Hub for Digital Finance
Bitpanda's decision to expand into the UAE is driven by the region's progressive regulatory environment and its emergence as a global digital finance hub. Fabian Reinisch, General Counsel at Bitpanda, emphasized, "Securing VARA’s in-principle approval in under eight months underscores the strength of Dubai’s regulatory ecosystem and our dedication to compliance. A decade of adhering to rigorous standards has prepared us to bring secure and accessible digital asset solutions to new markets."
Future-Ready Services
Once licensed, Bitpanda aims to provide a full suite of products and services to both institutional and retail investors in the UAE. These offerings will include innovative digital asset trading solutions and infrastructure tailored to the needs of regional customers.
By establishing a presence in Dubai, Bitpanda is not only entering a new market but also signaling its intent to lead the global adoption of regulated virtual assets, reaffirming its mission to set industry benchmarks for compliance and innovation.
