BitGo MENA FZE has received a broker-dealer license from the Dubai Virtual Assets Regulatory Authority, allowing it to offer regulated digital asset trading and brokerage services to institutional clients in the region. This approval marks another step in the company's efforts to expand its regulated presence globally.
BitGo recently received approval under the European Union's Crypto Asset Market Regulation granted by Germany's BaFin. This authorization will enable the company to provide digital asset services across the EU to both traditional financial institutions and crypto-focused companies seeking compliant infrastructure.
The new VARA license will enable BitGo MENA to operate an over-the-counter and electronic trading platform for spot trading of digital assets and stablecoins. Institutional clients also gain access to aggregated liquidity from multiple market makers and exchanges to improve pricing and execution confidence.
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“Our customers will benefit from competitive pricing and execution, as well as access to extensive liquidity, with trading support in both AED and USD,” commented Nick Coombs, Managing Director, MENA Sales.
BitGo secures VARA broker-dealer license to launch regulated institutional trading services in Dubai https://t.co/76DqNMgb6r pic.twitter.com/WlrfQH42hE
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