Bitpanda Receives In-Principle Approval to Become a Licensed Firm in the UAE

Just eight months after its submission, European crypto platform, Bitpanda got in-principle approval from Virtual Assets Regulatory Authority (VARA) to enter the UAE market.

This move is consistent with BitpandaThe goal is to expand into markets beyond Europe. Once approved, it will be licensed as Bitpanda Broker MENA DMCC. Bitpanda got this in-principle approval after a series of actions throughout the year. It has established an office in Dubai at DMCC Crypto Centeronboard a team of regional experts, and form key partnerships with financial institutions and crypto platforms in the region.

Bitpanda chose the UAE as its first market outside of Europe as a result of the country’s regulatory framework and status as a global digital asset hub. VARA’s regulatory guidelines foster innovation while prioritizing investor protection—core principles that align with Bitpanda’s mission to offer secure and convenient digital asset solutions worldwide.

Eric Demuthco-founder and CEO of Bitpanda commented: “In Europe, we have built a reputation as the most trusted and regulated digital asset platform. Now, we are scaling this proven model globally, with Dubai and the UAE serves as our strategic launchpad for international expansion. The opportunities are huge, and we are uniquely positioned to seize them – both as Europe’s leading crypto broker and as a leading provider of infrastructure in the digital assets space.

Global expansion

Bitpanda is well positioned to provide a secure experience to investors across the UAE and, ultimately, the wider region. The company prides itself on adhering to the highest regulatory standards, while actively supporting the global adoption of digital assets. Another building block that brings Bitpanda one step closer to fulfilling its global expansion mission is its launch of Bitpanda Fusion. The product is designed for high volume and intra-day traders that integrate all major exchanges, ensuring maximum liquidity and best prices.

Fabian AGAINBitpanda’s general counsel added: “VARA’s securing of in-principle approval in less than eight months demonstrates the strength of VARA’s progressive regulatory framework and Bitpanda’s continued commitment to compliance and innovation. oh For over a decade, we have demonstrated that a compliance-first approach is the only path to sustainable and responsible growth in our industry. Today, we are expanding this approach to markets beyond Europe. “