Comprehensive Trading Solution Under VARA Licence
BitGo MENA FZE has launched regulated electronic trading services in the Middle East and North African region, allowing clients access to a full suite of trading services. This expansion is made possible through BitGo MENA's Broker-Dealer licence from Dubai's Virtual Assets Regulatory Authority (VARA).
The launch signifies a significant enhancement of BitGo MENA's regulated product offerings, aligning with the increasing demand for advanced execution and custody solutions in the region's digital asset markets.
Mike Belshe, CEO and Co-founder of BitGo, stated, "The Middle East and North Africa has quickly become one of the most exciting regions in the world for digital assets, with regulators, institutions, and innovators moving with real purpose."
Enhanced Market Access
BitGo MENA's electronic trading draws liquidity from leading exchanges and liquidity providers, improving price efficiency and execution quality for clients. This advancement addresses the historical limitations of institutional-grade market access in the region.
Nick Coombs, Managing Director of MENA Sales at BitGo, noted, "We’ve seen strong engagement across our OTC business in the region, and the launch of electronic trading creates a complete institutional offering for our clients."
Clients can execute trades with assets securely held in BitGo MENA Custody FZE, providing a regulated structure that separates execution and custody. This model aims to mitigate counterparty risk and offers insurance coverage up to $250 million.
The UAE's supportive regulatory environment and VARA's licensing framework have facilitated the growth of one of the fastest-growing institutional digital asset markets globally. BitGo MENA is positioned as a trusted institutional partner in the region.
Currently, BitGo MENA serves top exchanges, platforms, hedge funds, and asset managers across the region. The launch of electronic trading completes BitGo MENA’s institutional trading stack, reinforcing its commitment to secure and scalable infrastructure.
