Bitgo MENA adds electronic crypto trading service in UAE

BitGo MENA FZE (“BitGo MENA”), a subsidiary of BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), the digital asset infrastructure company, has now launched its electronic trading activities in MENA along side its OTC offering. According to the company post, both services are operated under BitGo MENA’s Broker-Dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA).

“The Middle East and North Africa has quickly become one of the most exciting regions in the world for digital assets, with regulators, institutions, and innovators moving with real purpose,” said Mike Belshe, CEO and Co-founder of BitGo. “BitGo’s expansion in the region reflects our belief that the next phase of digital asset adoption will be built in markets with strong regulatory foundations and institutional ambition. We’re excited to deepen our presence and support the growth of this ecosystem for years to come.”

BitGo MENA’s electronic trade offering sources liquidity from leading exchanges and liquidity providers, designed to improve price efficiency and best execution quality for clients, a meaningful advantage in a region where regulated, institutional-grade market access has historically been limited.

“We’ve seen strong engagement across our OTC business in the region, and the launch of electronic trading creates a complete institutional offering for our clients,” said Nick Coombs, Managing Director of MENA Sales at BitGo. “We believe the MENA region continues to stand out as one of the most dynamic and fast-growing digital asset markets, and our focus remains on delivering infrastructure that enables institutions to realise their ambition.”

A key component of the launch of electronic trading is the ability for clients to execute trades through BitGo MENA, with assets held with BitGo MENA Custody FZE, providing a regulated structure that separates execution and custody under the respective VARA-licensed entities. This integrated model allows clients to execute trades while assets remain securely held in BitGo’s custody infrastructure, mitigating counterparty risk and insured up to $250M.

The launch of electronic trading completes BitGo MENA’s institutional trading stack, reinforcing BitGo’s commitment to delivering secure, regulated, and scalable infrastructure to the region.