Just eight months after its submission, European crypto platform, Bitpanda has secured in-principle approval from the Virtual Assets Regulatory Authority (VARA) to enter the UAE market.
This move aligns with Bitpanda‘s goal to expand into markets beyond Europe. Once approved, it will be licensed as Bitpanda Broker MENA DMCC. Bitpanda has been able to obtain this in-principle approval following a series of moves throughout the year. It established a Dubai office at the DMCC Crypto Centre, onboarded a team of regional experts, and formed key partnerships with financial institutions and crypto platforms in the region.
Bitpanda selected 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 prioritising investor protection—core principles that align with Bitpanda’s mission to offer secure and accessible digital asset solutions worldwide.
Eric Demuth, co-founder and CEO, Bitpanda
Eric Demuth, co-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 serving as our strategic launchpad for international expansion. The opportunities are immense, and we are uniquely positioned to seize them – both as Europe’s leading crypto broker and as a top infrastructure provider in the digital assets space.”
Expanding across the globe
Bitpanda is well-positioned to deliver a secure experience to investors across the UAE and, ultimately, the wider region. The firm prides itself on following 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 built specifically for high-volume and intra-day traders that unifies all major exchanges, ensuring maximum liquidity and best prices.
Fabian Reinisch, general counsel of Bitpanda
Fabian Reinisch, general counsel of Bitpanda added: “Securing VARA’s in-principle approval in under eight months reflects the strength of VARA’s progressive regulatory framework and Bitpanda’s steadfast commitment to compliance and innovation. For over a decade, we have demonstrated that a compliance-first approach is the only path to sustainable and responsible growth in our industry. Now, we are extending this approach to markets beyond Europe.”
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