Bitpanda Technology Solutions (BTS) and CoinMENA have formed a strategic partnership to enhance trading efficiency and broaden the range of available crypto assets. This collaboration aims to meet the rapidly growing demand for digital assets in a region known for its ambitious approach to crypto adoption.
There are strong indications from industry leaders and experts that the Middle East could become the global center for cryptocurrencies in the near future, especially as potential rivals such as the United States focus more on regulatory scrutiny and exploitation rather than fostering innovation.
CoinMENA X Bitpanda: more Than Just a Partnership
CoinMENA, a well-established crypto asset platform licensed by the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA), has officially announced its partnership with Bitpanda Technology Solutions, a leading provider of digital assets infrastructure.
This partnership is expected to significantly strengthen CoinMENA's trading platform by integrating Bitpanda as a liquidity provider. Users can look forward to receiving competitive prices and a more seamless and reliable trading experience.
The collaboration will allow CoinMENA to incorporate a wide variety of crypto assets into its platform, meeting the increasing demands of its users securely and efficiently. This expansion not only diversifies the asset offerings but also enhances overall trading efficiency, addressing one of the most requested features by CoinMENA's users.
Bitpanda Enters MENA: Is MENA Becoming The Central of crypto Globally?
Bitpanda Technology Solutions has emerged as a key player in the global digital assets industry, offering scalable, modular, and secure trading infrastructure to various financial institutions. Earlier this year, the company appointed Walid Benothman, previously associated with 1inch Network, to lead its operations in the MENA region.
With its continued expansion into the MENA region, Bitpanda aims to support over 25 million potential end users across Europe and beyond. Nadeem Ladki, Global Head at Bitpanda Technology Solutions, lauds MENA as one of the most innovative regions globally when it comes to crypto assets.
“The MENA region is one of the most ambitious and innovative regions in the world when it comes to crypto assets. Bitpanda Technology Solutions provides institutions in the region access to one of the broadest ranges of crypto assets available, in a fully modular way, all with a highly regulated and trusted partner.”
Dubai and UAE have been at the forefront of this innovation, with Dubai recently offering a 90% registration subsidy to web3 and Artificial Intelligence (AI) companies seeking operational licenses. This move is part of the city's strategy to establish itself as the largest pro-tech and crypto hub in the MENA region.
This initiative is projected to create around 200,000 jobs in the Middle East by 2025, significantly contributing to the global growth of the AI and crypto industries. Furthermore, Dubai's Virtual Asset Regulatory Authority (VARA) has been actively licensing digital asset exchanges, including recent licenses granted to binance and Nomura's Laser Digital Middle East.
The city's broader tech vision includes a strong focus on the metaverse, with plans to attract 1,000 metaverse firms and create over 40,000 jobs by the end of the decade. Dubai aims to position itself as a global hub for metaverse and blockchain communities.
