BitPanda Collaborates With CoinMENA To Offer Crypto Services In The Middle East
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CoinMENA and Bitpanda Technology Solutions have collaborated to expand crypto service offerings in the Middle East. According to the partnership, CoinMENA will be taking advantage of Bitpanda’s digital infrastructure to offer more cryptocurrency services in the region. CoinMENA has an operational license as a crypto platform from the Dubai Virtual Asset Regulatory Authority (VARA) and the Central Bank of Bahrain.
The collaboration will expand the range of crypto service offerings and improve trading efficiency, according to the announcement. The partnership between Bitpanda Technology Solutions and CoinMENA will provide several major benefits to users. the aim is to offer improved cryptocurrency trading services to users in the Middle East as the crypto market in the region keeps growing.
The Collaboration Enables Seamless Integration Of Several Crypto Assets
The collaboration will provide users with the opportunity to get the best prices for their trades, ensuring a more reliable and smoother trading experience. Also, the partnership will address the quick addition of new cryptocurrency assets to the platform. This has been one of the most requested features from users on the platform.
The collaboration with Bitpanda will also ensure the integration of several crypto assets into the CoinMENA trading platform. It provides users with a wide range of trading options.
The company also noted that the move is in response to the high demand for a wide range of crypto asset portfolios in the region. More users are becoming interested in investing and trading in crypto assets. The platform is receiving increased requests for these products in the Middle East. As a result, the platform is collaborating with top platforms to provide diversified crypto assets to enable users to create comprehensive portfolios.
Bitpanda Has Grown Its Retail Investors To 5 Million
Bitpanda is offering its services to a global clientele, including top financial institutions in the world. The company’s collaboration with CoinMENA will also expand its presence in the MENA region.
The company reported last June that it now has more than 5 million retail investors on its platform. It also recorded an impressive growth level in the second quarter of the year, registering an increase of 25%.
Bitpanda has reportedly gained 1 million users in the past year, which highlights the increasing interest in crypto trading in Europe.
The crypto exchange recently announced that it has expanded its collaboration with Deutsche Bank to provide real-time payment solutions to its clients in Germany. Through the collaboration, Bitpanda will offer API=based transactions as it wants to improve user experience in the region.
