BitGo Secures Dubai Broker-Dealer License for Institutional Crypto Services

[etfs]

BitGo has received regulatory approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer regulated digital asset trading and intermediation services to institutional clients.

The license allows BitGo’s MENA arm to expand its crypto offerings in the region, following similar approval for its European subsidiary under Germany’s BaFin.

“This approval allows us to serve institutional clients with greater scale, confidence, and integrity,” said Ben Choy, BitGo MENA’s general manager, highlighting Dubai’s growing digital asset ecosystem.

[Nahid10]

This license gives BitGo a serious edge in institutional trust. Dubai’s been pushing strong frameworks, and this fits perfectly.

[EmTeam]

BitGo expanding to regulated markets like Dubai proves institutional crypto adoption isn’t slowing down — it’s scaling.