BitGo MENA, a digital asset infrastructure company, has obtained a Broker-Dealer license from the Dubai Virtual Assets Regulatory Authority (VARA).

The license permits BitGo MENA to provide regulated digital asset trading and intermediation services to institutional clients across the region, supporting the company’s ongoing international expansion.

With the approval, institutional investors can access BitGo’s integrated over-the-counter (OTC) trading desk and electronic platform for spot trading across a wide range of digital assets and stablecoins.

In May, BitGo Custody MENA received a Virtual Assets Service Provider (VASP) operating license from VARA.

Clients will also have aggregated access to liquidity from multiple market makers and exchanges, enabling competitive pricing, consistent execution, and institutional-grade security.

“Receiving our Broker-Dealer license from VARA is a milestone for BitGo MENA and a testament to both our commitment to compliance and the strength of Dubai’s progressive regulatory environment,”

said Ben Choy, General Manager of BitGo MENA.

“This approval allows us to serve institutional clients with greater scale, confidence, and integrity, while also underscoring the accelerating momentum within Dubai’s digital asset ecosystem. VARA’s clear and forward-thinking framework sets a global standard for responsible innovation, and we are proud to contribute to building a secure, transparent, and leading digital asset ecosystem in the region.”

BitGo’s approach to security and compliance aligns with VARA’s regulatory framework, which aims to protect investors, uphold market integrity, and support the sustainable development of the digital asset sector.

Featured image credit: Edited by Fintech News Middle East, based on image by freepik