Bitpanda Technology Solutions has been selected to power CoinMENA’s crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset Regulatory Authority (VARA).
The leading digital assets infrastructure provider will enhance trading efficiency on CoinMENA’s platform and expand the range of crypto assets available to its users.
Once Bitpanda’s digital asset infrastructure is fully deployed, CoinMENA will have the ability to integrate the most complete range of crypto assets available on the market to meet the demands of its users safely and securely.
Bitpanda Technology Solutions will act as a liquidity provider to enhance CoinMENA’s trading efficiency and ensure users receive the best possible prices.
“Add new crypto assets more rapidly to meet market demands”
Dina Sam’an and Talal Tabbaa, Co-Founders at CoinMENA, said: “We are excited to partner with Bitpanda Technology Solutions, an industry leader that shares our commitment to providing top-tier crypto asset trading services. This collaboration will not only enhance trading efficiency but also fulfill one of the most requested features from our users, enabling us to add new crypto assets more rapidly to meet market demands.”
Nadeem Ladki, Global Head, Bitpanda Technology Solutions, added: “The MENA region is one of the most ambitious and innovative regions in the world when it comes to crypto assets. Bitpanda Technology Solutions provides institutions in the region access to one of the broadest ranges of crypto assets available, in a fully modular way, all with a highly regulated and trusted partner.”
Bitpanda Technology Solutions (BTS) is a regulated and scalable digital assets and crypto infrastructure provider trusted by some of the world’s foremost financial institutions, banks, neobanks, and fintechs. Both Bitpanda and CoinMENA will collaborate closely with respective regulators to ensure full compliance in all future endeavors, the companies stated.
Bitpanda in the final stages of obtaining an FSP license in Dubai
BTS is a leading digital assets infrastructure provider that recently entered the Middle East and North Africa region by opening offices in Dubai and launching Bitpanda MENA. Bitpanda MENA opened its first office in Dubai at the DMCC Crypto Centre and has already appointed an experienced team led by Walid Benothman to tailor its offering to the local market. In line with its long history of regulatory compliance, Bitpanda is in the final stages of obtaining its FSP and will continue to work with local regulators to ensure a fully compliant product offering.
Banks, fintechs, (neo-)brokers, and crypto-native companies in the region will be able to partner with BTS to launch their own trading solutions powered by Bitpanda’s infrastructure in as little as three months once Bitpanda MENA has finalized obtaining its local license later this year. BTS already partners with several of Europe’s largest banks, and currently provides the trading infrastructure for over 20 million customers across Europe.
BTS allows its partners to integrate a modular and scaled 24/7 trading infrastructure and offer trading, investing, and custody services across every asset class in a modular way. Partners can build their own user experiences on an ISO 27001-certified and battle-proofed infrastructure including features such as savings plans, asset-to-asset swaps, and crypto staking functionality. Additionally, all of Bitpanda’s European licenses and regulatory experience can be accessed through a partnership with the most comprehensive and regulated crypto platform in Europe.
