BitGo MENA FZE has received a Broker-Dealer license from the
Dubai Virtual Assets Regulatory Authority, allowing it to offer regulated
digital asset trading and intermediation services to institutional clients in
the region. The approval marks another step in the company’s efforts to expand
its regulated presence globally.
BitGo recently obtained approval under the European
Union’s Markets in Crypto-Assets Regulation, granted by Germany’s BaFin.
This authorization enables the company to provide digital asset services across
the EU to both traditional financial institutions and crypto-focused firms
seeking compliant infrastructure.
BitGo MENA Gains VARA Trading License
The new VARA license allows BitGo MENA to operate an
over-the-counter and electronic trading platform for spot trading in digital
assets and stablecoins.
Digital
assets meet tradfi in London at the fmls25
Institutional clients will also gain access to
aggregated liquidity from multiple market makers and exchanges, aimed at
improving pricing and execution reliability.
“Our clients will benefit from competitive pricing and
execution, alongside access to deep liquidity, with trading support for both
AED and USD,” Nick Coombs, Managing Director of MENA Sales, commented.
BitGo Secures VARA Broker-Dealer Licence to Launch Regulated Institutional Trading Services in Dubai https://t.co/76DqNMgb6r pic.twitter.com/WlrfQH42hE
— Latest News from Business Wire (@NewsFromBW) October 7, 2025
BitGo Plans Potential IPO
BitGo
is reportedly considering an initial public offering in the second half of
2025. Discussions with potential advisors are reportedly ongoing, but no final
decision has been made.
Founded in 2013, BitGo provides digital asset custody,
trading, borrowing, and lending services to institutional clients across
multiple countries. The firm is backed by major investors and competes with
other crypto custodians, including Coinbase. Other cryptocurrency firms, such
as Gemini, Bullish Global, Kraken, and Circle, are also reported to be
exploring public listings.
This article was written by Tareq Sikder at www.financemagnates.com.
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