BitGo secures VARA broker-dealer license in Dubai, expanding regulated crypto services for institutional clients and strengthening MENA market compliance.
Digital asset infrastructure company BitGo reinforced its global presence. It successfully secured a crucial regulatory approval in Dubai. Under this license, BitGo can provide certain regulated services in the region. The move reflects Dubai’s dedication to clear regulation of Crypto. Additionally, it emphasizes BitGo’s commitment to institutional compliance.
VARA Approval Confirms Dubai’s Global Regulatory Stature
BitGo’s Middle East and North Africa (MENA) division accomplished this achievement. It became a broker-dealer under VARA in Dubai. Virtual Assets Regulatory Authority (VARA). This approval supports Authorized Trading and Intermediation services. These services are only available to institutional clients. This is an important step for BitGo’s regional strategy.
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The broker-dealer license will go into effect indefinitely. BitGo MENA FZE acquired it on October 7, 2025. This licence is based on past regulatory achievements. BitGo Custody MENA FZE is a VASP licensed company. The first license was issued as early as April 2025. It allows for the provision of custody and stakeholder services.
As a result, BitGo now provides a full set of regulated services. This is a combination of secure keeping and high-performance trading. Institutional traders now get an integrated OTC trading desk. They can also make use of an advanced electronic trading platform. This enables spot trade on a variety of thousands of digital assets. There are also stablecoins within this huge portfolio.
The end customers also utilize consolidated systemic liquidity. This liquidity is provided by a large number of industry-leading market makers and exchanges. This guarantees highly competitive pricing along with predictable execution. It provides institutional-level security for each transaction. The services allow trading in both AED and USD currencies. Local banks also improve the local offer.
This regulatory victory comes on the heels of another growth spurt. Fortunately for the company, just weeks ago they achieved a significant European milestone. Its subsidiary in Europe was granted a license from BaFin in Germany.
Global Expansion Strategy Targets MENA Market Growth
Ben Choy is the General Manager at BitGo MENA. He commended VARA for how progressive it was. Choy said the license is a wonderful achievement for BitGo MENA. It is a demonstration of their commitment to the requirements of necessary compliance. The approval facilitates the serving of institutional clients with more confidence. It also indicates the growing pace of Dubai’s crypto ecosystem.
The transparent business model of purpose is a world leader. It encourages ethical innovation in digital assets. This helps in creating a secure and transparent financial ecosystem. Further, this achievement is in addition to BitGo already existing licensed custody services. It considerably increases the ability of the firm to serve the region.
The move is a strategic step for BitGo’s major market growth. The company is looking forward to strengthening its foothold in the MENA region. It lays the foundation for the use of Dubai as a vital outreach centre. Expansion markets include the larger markets of Africa, Turkey, and Israel. But the new regulated services bring an extra confidence factor for the institutional adoption.
The licenses provide for the development of institutional investment. They offer a transparent, safe space for trade transactions. However, it also accounts for market risks such as the possible experience of liquidation. Through integration, BitGo eliminates counterparty risks. This causes complex, large-sized transactions to be safer for clients. The platform guarantees compliance while adhering to the highest level of execution reliability.
Source: https://www.livebitcoinnews.com/crypto-news-bitgo-secures-key-vara-license-to-expand-in-dubai-2/
