Bitgo’s Grand Adventure: The Dubai Trading License Saga Unveiled!

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In a stroke of ironic fate worthy of a literary twist, Bitgo MENA FZE has triumphantly announced its acquisition of a Broker-Dealer license from the Dubai Virtual Assets Regulatory Authority (VARA). Lo and behold! This momentous event bestows upon the firm the power to peddle, I mean, offer regulated digital asset trading to those grand institutions that dwell in the golden sands of the United Arab Emirates. 🌟

With this illustrious approval, the daring Bitgo can now steer its ship into the tempestuous seas of an integrated OTC trading desk and unleash an electronic trading platform capable of spot trading in a veritable cornucopia of thousands of digital assets and stablecoins. Picture it: an oasis of aggregated liquidity, flowing like a mirage, sourced from a myriad of market makers and exchanges. One can only wonder what this must feel like from the air-conditioned comfort of their Dubai office!

In a moment of humble bravado, Ben Choy-the ever-enthusiastic General Manager of Bitgo MENA-cast this approval as a glorious nod to the hallowed regulatory framework of Dubai and the painstaking compliance efforts that have gone into play. Meanwhile, Nick Coombs, the MD of MENA Sales, chimed in (probably with a flourish), insisting that this offering would deliver a “locally optimized, high-performance trading experience,” because who wouldn’t want high-performance trading when the sun is blazing overhead? ☀️

Indeed, this venture promises to set a new standard for institutional digital-asset services in the MENA region. Or, as it is often said in literary circles, “Who needs a standard when you can have a spectacle?” 😏

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2025-10-08 12:38