BitGo MENA Secures Broker-Dealer License in Dubai, Boosting Institutional Trading
BitGo MENA has secured a significant boost for its operations in the Middle East and North Africa (MENA) region. The company has received a Broker-Dealer license from the Dubai Virtual Assets Regulatory Authority (VARA), aligning with its commitment to security and compliance. This news comes shortly after VARA's announcement of fines against unlicensed companies in early October 2025.
The license enables BitGo MENA to offer regulated digital asset trading and intermediation services to institutional clients in the MENA region. Ben Choy, General Manager of BitGo MENA, hailed this as a significant milestone, demonstrating the company's dedication to compliance and Dubai's regulatory environment.
BitGo MENA's services are designed to meet institutional-grade security standards. They include an integrated OTC trading desk and electronic trading platform for spot trading across thousands of digital assets and stablecoins. Clients will have access to deep liquidity from dozens of top-tier market makers and exchanges, ensuring competitive pricing and reliable execution. The services will support trading in AED and USD, with local banking facilities available for clients.
Nick Coombs, Managing Director of MENA Sales, highlighted that the approval allows BitGo MENA to offer institutional-grade trading services seamlessly integrated with their VARA-regulated and insured custody infrastructure. This commitment to security and compliance aligns with VARA's comprehensive regulatory framework, which prioritizes investor protection and market integrity.
With the Broker-Dealer license, BitGo MENA is poised to set a new standard for institutional trading in the MENA region. The company's services, tailored to meet the needs of institutional clients, are expected to enhance the region's digital asset trading landscape while adhering to stringent regulatory guidelines.
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