TechFlow news, on December 17, according to Cryptonews, European digital asset platform Bitpanda announced it has received in-principle approval from the UAE's 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 Centre and formed partnerships with institutions such as RAKBANK and CoinMENA. Notably, the company recently launched Bitpanda Fusion, a large-order trading product targeting advanced traders, which will offer aggregated liquidity from major exchanges to users in the Middle East and North Africa region.
