Bitpanda Expands into Dubai by Obtaining a Broker-Dealer License from VARA

Bitpanda, a well-known virtual assets platform in Europe, has received a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA).

European investment platform Bitpanda has received a broker-dealer license from the Dubai Virtual Asset Regulatory Authority (VARA). The approval allows Bitpanda to officially launch its services in the UAE and introduce more than 500 virtual assets to investors in the country.

The company is launching its services in the UAE with a focus on offering investors a simple yet safe way to invest in digital assets.

“At Bitpanda, we believe that investing in virtual assets should combine safety with ease of access for users. VARA’s license will enable us to bring this vision to the UAE,” said Lukas Enzersdorfer-Konrad, Deputy CEO at Bitpanda Group.

“We are planning to launch Bitpanda’s services in the UAE shortly and will then be expanding further across Europe.

“We are particularly interested in the opportunities in the UAE, which is a hub for innovation and technology, but also places strong emphasis on regulation and investor protection, values that Bitpanda holds dear.”

To support its growth strategy in the region, Bitpanda has also established an office at the DMCC Crypto Centre in Dubai. The company will be providing more details about its services for the UAE investors, which are being developed by regional experts, in the coming months.

“The UAE is one of the world’s leading nations for the adoption of digital assets and VARA has set a high standard for technological advancement and investor protection in this domain. We are grateful to the regulator for the efficient processing of our application and we are pleased to have received approval relatively quickly, thanks to Bitpanda’s strong expertise in digital assets and our commitment to regulatory compliance,” said Fabian Plöchl, Group General Counsel at Bitpanda.

Over the years, Bitpanda has acquired several key operating licenses and registrations. From its MiCAR license from BaFin and registration with the FCA to financial services approvals in several European countries, the company has always been diligent in adhering to regulatory requirements.

This strong commitment to compliance makes Bitpanda a trusted choice among customers who are increasingly turning to trusted platforms for their digital asset investments.

As Bitpanda expands its international presence, the company remains focused on delivering its regulated and secure investment services to a wider audience. The VARA license is a crucial milestone in this journey and paves the way for future growth within the UAE.

With this launch, the UAE market will gain access to a secure and diverse digital asset platform, enabling both individual and institutional investors to invest in a regulated and supervised environment.

Several business entities have been expanding their presence in Dubai's digital asset sector. Earlier this year, in March, Crypto.com received a limited VARA license for its operations in the Middle East.

The approval will allow the VASP to commence offering its full range of products and services to investors in the region.