Crypto exchange Bitpanda and trading platform CoinMENA have announced a strategic alliance aimed at bolstering the latter’s efficiency. CoinMENA has operational licenses from the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA). The platform’s strategic partnership with Bitpanda also seeks to boost the Middle East & North Africa focused crypto entity’s […]The post Bitpanda partners with CoinMENA to boost crypto adoption appeared first on CoinJournal.

Bitpanda partners with CoinMENA to boost crypto adoption

Crypto exchange Bitpanda and trading platform CoinMENA have announced a strategic alliance aimed at bolstering the latters efficiency.

CoinMENA has operational licenses from the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA). The platforms strategic partnership with Bitpanda also seeks to boost the Middle East & North Africa focused crypto entitys suite of available digital assets products and services.

Market demand

In a comment, CoinMENA co-founders Dina Saman and Talal Tabbaa note:

We are excited to partner with Bitpanda Technology Solutions, an industry leader that shares our commitment to providing top-tier crypto asset trading services. This collaboration will not only enhance trading efficiency but also fulfill one of the most requested features from our users, enabling us to add new crypto assets more rapidly to meet market demands.

Saman also commented on the partnership via a post on X on Aug. 26.

Bitpanda will act as a liquidity provider for CoinMENA, enhancing the exchanges trading efficiency and user experience.

The MENA region is one of the most ambitious and innovative regions in the world when it comes to crypto assets, Bitpanda global head Nadeem Ladki, noted. Bitpanda Technology Solutions provides institutions in the region access to one of the broadest ranges of crypto assets available, in a fully modular way, all with a highly regulated and trusted partner, Ladki added.

Bitpanda recently partnered with UAEs RAKBANK to expand the digital assets space in the UAE. The exchange has also joined forces with Coinmotion and struck a major deal with Serie A giants AC Milan.

The post Bitpanda partners with CoinMENA to boost crypto adoption appeared first on CoinJournal.