Bitpanda has received approval for a broker-dealer license in the UAE, enabling it to offer its services in the local crypto market.
License Approval for Bitpanda in UAE
Bitpanda has secured a broker-dealer license, allowing it to offer services in the UAE. This approval comes from the Dubai Virtual Asset Regulatory Authority (VARA).
Crypto Market Growth in UAE
The UAE crypto market is on the rise, with an increasing number of users and companies gaining permission to operate in the region. The evolving infrastructure and regulations are helping reduce crime in the industry.
Popularity of Cryptocurrencies in UAE
The number of cryptocurrency users in the UAE is expected to grow to 3.78 million by the end of 2025. Bitcoin leads among cryptocurrencies, while altcoins and stablecoins are also gaining popularity, particularly after the launch of Mubarak.
Bitpanda's license acquisition in the UAE marks a significant step, reflecting the growing interest in cryptocurrencies in the region and fostering further market development.
