Deep Tide TechFlow news, on December 17, according to Cryptonews, the European digital asset platform Bitpanda announced that it has received 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 in the Dubai DMCC Crypto Center and has partnered with institutions such as RAKBANK and CoinMENA. Notably, the company recently launched a large transaction product for advanced traders, Bitpanda Fusion, which will provide aggregation liquidity services from major exchanges to users in the Middle East and North Africa region.