BlockBeats news, on December 17, according to Cryptonews, the European digital asset platform Bitpanda announced that it has received in-principle approval from the UAE Virtual Asset Regulatory Authority (VARA) and will operate locally under the name of Bitpanda Broker MENA DMCC. The company’s CEO Eric Demuth said that Dubai and the United Arab Emirates will serve as a strategic springboard for its global expansion.
Bitpanda has set up an office at the DMCC Crypto Center in Dubai and has established cooperation with institutions such as RAKBANK and CoinMENA. It is worth noting that the company recently launched Bitpanda Fusion, a large-volume trading product for advanced traders, which will provide users in the Middle East and North Africa with aggregated liquidity services from major exchanges.
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