Bitpanda, the largest European cryptocurrency platform and a leading digital infrastructure provider, declared the opening of its inaugural regional office in Dubai as part of its expansion strategy in the Middle East.
The company appointed Walid Bin Othman, Nadeem Ladki, and Walid Rasouli to tailor a business-to-business solution tailored to the local market’s needs for its newly introduced Middle East and North Africa platform.
The commencement of operations in the UAE marks Bitpanda’s initial venture beyond Europe, as highlighted in a press release.
Bitpanda’s team will concentrate on forging partnerships with local institutions, facilitating them with the essential infrastructure to launch trading offers utilizing Bitpanda’s technological solutions platform.
“We are committed to meeting the region’s ambitions by providing the necessary infrastructure to foster the future growth of its trading sector and offer digital assets to millions of investors in the region,” the company stated.
Eric Demuth, co-founder and CEO of Bitpanda, affirmed that the UAE presents an ideal entry point for the company into the Middle East market, given its conducive blend of investor needs and regulatory framework.
“This will enable us to deliver the finest trading solutions on offer in the market,” he added.
Observing a substantial rise in demand for digital asset access over the past year, coupled with the sector’s overall advancement, Bitpanda noted that its technology solutions platform permits partners to seamlessly integrate with a standard and advanced 24/7 trading infrastructure. It offers trading, investment, and deposit services across all asset classes in a standardized manner.
The company highlighted that its technology solutions platform currently collaborates with numerous leading European banks and caters to trading infrastructure for over 20 million clients across Europe.
