BitPanda, a regulated crypto assets platform based in Europe, has successfully acquired a crypto brokerage license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to MSN, this new license allows BitPanda to extend its services to both retail and institutional investors in the MENA region, marking a big step in its international expansion.

With this license, UAE clients will gain access to over 500 crypto assets on the BitPanda platform, making it the 17th crypto broker to receive such a license from VARA. Lukas Enzersdorfer-Konrad, the Deputy CEO at BitPanda Group, emphasized the company’s commitment to providing a fully compliant digital asset platform for investors and financial institutions in the region.

Enzersdorfer-Konrad stated that this expansion is just the beginning for BitPanda, expressing readiness to grow in a region that values both innovation and regulation. Meanwhile, Nadeem Ladki, Global Head of Bitpanda Technology Solutions, mentioned that the exchange is focused on delivering secure and innovative solutions, hinting at more exciting developments to come in the near future.

BitPanda has established an office in Dubai’s DMCC Crypto Centre, where the team is working on tailoring products specifically for the UAE market. They plan to begin onboarding UAE investors in the upcoming months, showcasing their proactive approach to market entry.

Fabian Reinisch, General Counsel at BitPanda Group, noted that the company received its license approval in record time. He attributed this swift process to the decade-long experience of their teams in the digital asset space and their dedication to the highest regulatory standards. Notably, BitPanda received preliminary approval from VARA back in December 2024.

In addition to its new license in the UAE, BitPanda holds several licenses across Europe, including a MiCAR license from Germany’s BaFin, registration with the UK’s FCA, a PSD2 E-money license, a MiFID II license, and VASP registrations in multiple markets.