Cryptocurrency Exchange Bitpanda Receives Broker-Dealer License in Dubai
Date: 2025-03-31 Author: Oliver Abernathy Categories: BUSINESS
Cryptocurrency exchange Bitpanda has officially received a VARA license, allowing it to provide virtual asset trading services in the United Arab Emirates. The company has opened a permanent office in the DMCC Crypto Centre in Dubai and has formed a dedicated team aimed at adapting crypto products to the local market.
With the VARA license, Bitpanda will be able to offer UAE users access to a trading platform with over 500 types of virtual assets. These include brokerage tools based on crypto indices, as well as customized savings plans, making the platform attractive to both retail and institutional investors.
Earlier last month, Bitpanda received permission from the UK Financial Conduct Authority (FCA) to provide services in the United Kingdom. The platform can now provide UK traders with access to cryptocurrency trading and staking, expanding its influence in the European market.
In addition, Bitpanda analysts recently published research results that showed that less than 20% of European banks are ready to offer their clients services related to cryptocurrency investments. This fact highlights the significant growth potential of the platform, especially in the context of limited offerings from traditional financial institutions.
Bitpanda continues to strengthen its position in the international market by offering safe and convenient investment solutions that comply with local regulations.
