BitPanda secures crypto license in UAE and sets sights on MENA

BitPanda, a regulated crypto assets platform in Europe, has now extended its reach in MENA region with a license in UAE from Dubai’s Virtual Assets Regulatory Authority. BitPanda now holds a crypto brokerage license that allows it to serve retail and institutional investor clients.

UAE clientele will be able to access over 500 crypto assets on BitPanda after it became the 17th crypto broker to be licensed by VARA.

Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda Group, noted that BitPanda seeks to ensure investors and financial institutions have access to a fully compliant digital asset platform.

He adds, “This is just the beginning of our expansion beyond Europe. We are ready to grow in a region that embraces innovation and regulation equally.”

Nadeem Ladki, Global Head of Bitpanda Technology Solutions noted that the exchange remains focused on offering innovative secure solutions and that this is only the start. He states, “We have more exciting developments to share in the near future.”

With an office in Dubai’s DMCC Crypto Centre, the BitPanda team said it is working to tailor products to the UAE market and will start onboarding UAE investors in the upcoming months.

BitPanda shares confidence after license approval 

According to Fabian Reinisch, General Counsel at Bitpanda Group, BitPanda obtained approval in record time and he believes this is a testament to the decade experience of their teams working in the digital asset space and their commitment to the highest regulatory standards.

BitPanda received preliminary approval from VARA back in December 2024.

BitPanda currently holds several licenses in Europe, including a MiCAR license from the German regulator BaFin, registration with the UK’s FCA, a PSD2 E-money license, a MiFID II license, and VASP registrations across multiple markets.