Bitpanda Expands Globally - Secures VARA Approval for UAE Entry

Bitpanda, Europe’s premier cryptocurrency platform, is rapidly advancing its global growth strategy by securing in-principle approval from the Virtual Assets Regulatory Authority (VARA) in less than eight months after submission. Once the final license is granted, Bitpanda will officially begin operations in the UAE under the name Bitpanda Broker MENA DMCC, marking its first major expansion beyond Europe. This milestone cements Bitpanda’s reputation as a trusted global leader in the digital asset industry.

UAE: A Thriving Hub for Digital Finance

The UAE has firmly established itself as a global centre for digital finance and cryptocurrency trading. Bitpanda’s approval from VARA highlights its ambition to spearhead the regulated adoption of virtual assets worldwide. This move is part of Bitpanda’s strategic expansion efforts, which include setting up its Dubai office at the DMCC Crypto Centre earlier this year. The company has also built a strong regional team and formed key alliances with major financial players such as The National Bank of Ras Al Khaimah (RAKBANK) and CoinMENA, one of the UAE’s leading licensed crypto platforms.

Eric Demuth, Co-Founder and CEO of Bitpanda, commented: “In Europe, we have built a reputation as the most trusted and regulated digital asset platform. Now, we are scaling this proven model globally, with Dubai and the UAE serving as our strategic launchpad for international expansion. The opportunities are immense, and we are uniquely positioned to seize them – both as Europe’s leading crypto broker and as a top infrastructure provider in the digital assets space.”

Alignment with the UAE’s Vision and Regulatory Framework

The UAE’s progressive regulatory environment and its position as a digital asset hub make it an ideal launchpad for Bitpanda’s operations outside Europe. VARA’s comprehensive regulatory framework fosters innovation while prioritizing investor protection—values that align perfectly with Bitpanda’s mission to deliver secure, accessible, and transparent digital asset solutions.

Fabian Reinisch, General Counsel of Bitpanda, added: "Securing VARA’s in-principle approval in under eight months reflects the strength of VARA’s progressive regulatory framework and Bitpanda’s steadfast commitment to compliance and innovation. For over a decade, we have demonstrated that a compliance-first approach is the only path to sustainable and responsible growth in our industry. Now, we are extending this approach to markets beyond Europe.”

Commitment to Global Regulatory Standards

Bitpanda’s expansion into the UAE underscores its dedication to adhering to the highest regulatory standards. Known as Europe’s most regulated crypto platform, Bitpanda has consistently demonstrated its ability to meet and exceed regulatory expectations. By prioritizing compliance and security, the company is well-equipped to offer a seamless and trustworthy experience for investors in the UAE and the broader Middle East region.

A Bold Step Toward Global Expansion

With its entry into the Middle Eastern market, Bitpanda is taking a significant step toward achieving a truly global footprint. This move reinforces its role as a pioneer in the digital asset industry and strengthens its mission to drive the worldwide adoption of regulated virtual assets. Bitpanda’s continued success reflects its unwavering commitment to innovation, investor trust, and global growth.