According to BlockBeats news on December 17, as reported by Cryptonews, the European digital asset platform Bitpanda announced that it has obtained principal approval from the UAE Virtual Assets Regulatory Authority (VARA) to operate locally under the name Bitpanda Broker MENA DMCC. The company's CEO, Eric Demuth, stated that Dubai and the UAE will serve as a strategic springboard for its global expansion.
Bitpanda has established an office at the Dubai DMCC Crypto Center and has partnered with institutions such as RAKBANK and CoinMENA. Notably, the company recently launched a large-scale trading product for advanced traders, Bitpanda Fusion, which will provide aggregated liquidity services from major exchanges for users in the Middle East and North Africa.