The UAE has emerged as a significant hub for digital finance and cryptocurrency trading, making Bitpanda's recent approval crucial for its global objectives.

Bitpanda's commitment to a compliance-first approach has been vital to its growth and will now be applied to markets beyond Europe.

Eric Demuth, co-founder and CEO of Bitpanda, highlighted the company's strong reputation in Europe and its ambition to scale this model internationally, with Dubai serving as a strategic launchpad.

In September 2023, Bitpanda formed a partnership with Societe Generale to enhance the adoption of stablecoins in global finance, focusing on their euro-denominated stablecoin, EUR CoinVertible (EURCV).

The CEO of Societe Generale-FORGE underscored the significance of this partnership in integrating stablecoins into the global financial system.

Bitpanda's collaboration with CoinMENA aims to broaden cryptocurrency offerings, ensuring users benefit from competitive pricing and enhanced trading experiences.

The recent launch of Bitpanda Fusion, designed for high-volume and intra-day traders, seeks to improve liquidity and pricing across major exchanges, particularly in the MENA region.

This expansion signifies the beginning of Bitpanda's strategy to establish a global presence, reinforcing their dedication to compliant financial services for both retail investors and businesses.

To meet the standards set by the Virtual Assets Regulatory Authority (VARA), Bitpanda must fulfill additional requirements, including establishing a local office and integrating compliance infrastructure.

Ultimately, Bitpanda aims to provide reliable access to digital assets for investors in the UAE and the wider MENA region.