CoinMENA and Bitpanda Announce Strategic Partnership
In an important move to further their market share in the ever-changing digital assets market, Bitpanda Technology Solutions (BTS) and CoinMENA have disclosed a strategic partnership. This partnership is intended to increase trading efficiency and also, make more cryptocurrencies accessible to users in the MENA region.
In the light of the partnership, Bitpanda will be the provider of liquidity for CoinMENA which would result in users getting better prices and a more efficient trading experience. Along with Bitpanda’s advanced infrastructure, CoinMENA are not only going to introduce more cryptocurrencies but also, enhance the overall efficiency of the trading platform which will eventually, meet the increasing digital assets’ demand.
CoinMENA X Bitpanda: More Than Just a Partnership
CoinMENA, which is already licensed by the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA) is positioned to greatly benefit from the partnership. By incorporating Bitpanda’s technology, CoinMENA will be capable to provide a wide selection of the crypto assets, thus fulfilling the growing demands of its clients in a secure and safe manner.
This partnership is not only about more asset option modeling. But has clear goals of improving the whole trading experience for CoinMENA customers by facilitating the quicker integration of new assets and also satisfying one of the most desired platform’s features such as greater diversity of assets and better trading efficiency.
Bitpanda’s Strategic Entry into MENA
As a result of the expansion of Bitpanda Technology Solutions, the company has become a member of the big league in the world of digital assets. In this respect, Bitpanda is reporting a planned entrance into the MENA market, which is a fast-growing market viewed as a crucial part of the clear future of cryptocurrencies and blockchain technology.
Nadeem Ladki is the Global Vice President of Bitpanda Technology Solutions. He called the region’s potential to drive, stating, “The MENA region is one of the most ambitious and innovative regions in the world when it comes to crypto assets. Bitpanda Technology Solutions gives regional institutions access to a modular and broad portfolio including some of the most popular crypto assets that are safeguarded by a highly regulated and trusted counterpart.”
Is MENA Becoming the Global Crypto Hub?
The Middle East and North Africa (MENA) region, with particular momentum coming from the UAE, has taken the lead in blockchain and technological advancement. Dubai’s latest initiative to offer a 90% registration fee subsidy for Web3 and also AI companies is one of the key approaches aimed at making the emirate the largest tech and innovative cryptocurrency hub in the area. The city’s vision is seen in its proposal to make 2025 the benchmark year when close to 200,000 jobs are generated in AI and crypto sectors.
In this way, Dubai’s Virtual Asset Regulatory Authority (VARA), in addition to big-name companies like Binance and Nomura’s Laser Digital Middle East, has been busy issuing digital asset exchanges, which has boosted the region’s reputation as a global hotbed of innovation regarding Blockchain and Cryptocurrencies jobs.
With the alliance that emerged between Bitpanda and CoinMena taking shape, the MENA region will likely act the focal point of the global cryptocurrency market with Dubai and the UAE representing the leading players. Thus, the success of this initiative may, as a result, be the main driver in making the Middle Eastern countries one of the world’s most renowned centers for digital asset technologies and blockchain technologies.
