Digital Asset Infrastructure Bitgo Mena FZE has announced today that it has obtained a broker’s license from the Dubai Virtual Assets regulatory authority.
The license allows Bitgo Mena to provide regulated transaction and mediation of digital assets to institutional customers throughout the region and supports the continued global expansion of the company.
With this approval, investors can take advantage of BitGo’s integrated trade office and the electronic trading platform for trade in thousands of digital assets and stablecoins. Customers will also gain centralized access to deep liquidity from dozens of top manufacturers and market exchanges, allowing competitive pricing, reliable execution and institutional safety.
“Vara’s mediator license is a milestone for Bitgo Mena and a receipt both for our commitment to compliance and the power of Dubai’s progressive regulatory environment,” said Ben Choy, director of Bitgo Mena. “This approval allows us to serve institutional customers with greater scale, trust and integrity, while at the same time underlining the acceleration of the momentum in the context of Dubai’s Digital Asset area.
“This milestone enables us to provide institutional trading services, integrated seamlessly with VARA regulated and insured infrastructure, ensuring customers to trade safely and confidence,” said Nick Coombs, Managing Director of Mena. “Our customers will benefit from competitive pricing and execution, along with access to deep liquidity, with trading support for both AED and USD. In the area.”