Bitpanda partners with CoinMENA to boost crypto adoption.
Crypto exchange Bitpanda and trading platform CoinMENA have announced a strategic alliance aimed at strengthening the latter's efficiency.
CoinMENA has operating licenses from the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA). The platform's strategic partnership with Bitpanda seeks to grow its portfolio of digital assets products and services with a focus on the Middle East and North Africa.
Market demand
In a statement, CoinMENA co-founders Dina Saman and Talal Taba said:
“We are pleased to partner with Bitpanda Technology Solutions, which shares our commitment to providing top-notch crypto asset trading services. This partnership not only improves trading efficiency, but also fulfills one of our users' most requested features, allowing us to rapidly add new crypto assets to meet market demand.”
Saman commented on the partnership in his August 26 post on X.
Excited to announce our strategic partnership with @Bitpanda_global! Together, we are increasing transaction efficiency and expanding our crypto asset offerings at @CoinMENA. This partnership marks a significant step forward in our mission to provide consumers with the most secure… pic.twitter.com/7nq2YwkFHM
– Dina Saman | Dina Saman (@DinaSaman_) August 26, 2024
Bitpanda acts as a liquidity provider for CoinMENA, enhancing the exchange's 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,” said Bitpanda Global Head Nadeem Ladki. “Bitpanda Technology Solutions provides institutions in the region with access to the widest range of crypto assets in a fully modular manner, all with a highly regulated and trusted partner,” Ladki added.
Bitpanda recently partnered with UAE RAKBANK to expand its digital assets space in the UAE. The exchange has teamed up with Coinmotion to sign a major deal with Serie A giants AC Milan.
