Digital asset broker Bitgo Mena Fze has obtained a broker license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to provide regulated trading and brokerage services to institutional clients across the Middle East and North Africa.
The license enables Bitgo MENA to offer spot trading in thousands of digital assets and stablecoins through its integrated OTC trading desk and electronic trading platform.
Clients will gain access to liquidity from leading market makers and exchanges, and benefit from competitive pricing, fast execution and institutional-grade security, the company said.
“Receiving our broker license from Vara is a significant milestone for Bitgo Mena and a testament to our commitment to compliance and the strength of Dubai’s progressive regulatory environment,” said Ben Choi, Managing Director of Bitgo MENA.
“This approval allows us to serve institutional clients with the greatest trust and integrity, while also underscoring the accelerating momentum within Dubai’s digital asset ecosystem.”
Nick Coombs, managing director of MENA sales, said the milestone “enables us to deliver institutional-grade trading services, seamlessly integrated with VARA’s regulated and insured custody infrastructure.”
He added that clients will have access to AED and USD trading, local banking facilities, and a “tailored trading experience in the MENA region.”
Bitgo said the move reinforces its commitment to security and compliance, and is consistent with VARA’s mission to promote transparency, market integrity, and sustainable growth in Dubai’s digital asset economy.