Bitpanda, as Europe’s premier cryptocurrency exchange platform and Austria’s inaugural unicorn company, has made a significant stride into the Middle East by launching Bitpanda MENA. This strategic move not only underscores Bitpanda’s commitment to global expansion but also signals the region’s growing appetite for digital assets.
Bitpanda’s entrance into the UAE market is bolstered by a robust team of industry veterans, each bringing a wealth of expertise and experience to the table. Led by Walid Benothman, formerly associated with 1inch Network, Bitpanda MENA is poised to make a splash in the region’s crypto landscape.
Joining Benothman is Nadeem Ladki, appointed as Vice President, Commercial – International & MENA. With a proven track record at changer.ae and as the former Executive Director, Head of Business Development & Partnerships – EU/UK & MENA at Binance, Ladki’s deep understanding of regulatory compliance and business development positions Bitpanda MENA for success in navigating the local market.
Waleed Rassuli, with his background as Managing Director at Tezos Foundation, assumes the critical role of Head of Operations. Rassuli’s expertise in blockchain technology and operational management adds another layer of strength to Bitpanda MENA’s leadership team.
Bitpanda’s strategic move to set up its inaugural office in Dubai at the DMCC Crypto Centre reflects its dedication to capitalizing on the region’s flourishing crypto ecosystem. Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, expressed, “DMCC is delighted that Bitpanda has announced its expansion to the Middle East via Dubai. As one of the leading names in the European crypto space, we look forward to working with Bitpanda through the DMCC Crypto Centre and its over 600 member companies as the ecosystem grows. We’re thrilled to welcome another unicorn to Dubai.” With this strategic location, Bitpanda is well-positioned to harness the expertise and resources available at the DMCC Crypto Centre to fine-tune its offerings and cater to the distinctive requirements of the UAE market.
Eric Demuth, co-founder and CEO of Bitpanda, expressed confidence in the region’s potential in an interview with the Emirates News Agency (WAM), citing the UAE’s favorable regulatory environment for crypto innovation. Through Bitpanda Technology Solutions (BTS), the company aims to provide the infrastructure necessary to drive trading growth and unlock digital assets for millions of investors in the region.
As Bitpanda MENA moves forward in its pursuit of obtaining the Virtual Asset Regulatory Authority licenses as announced by DMCC Crypto Centre, and prepares to introduce its trading solutions, attention is drawn to its accomplished team. With a focus on maintaining high standards and following a clear path to success, Bitpanda MENA aims to establish itself as a significant player in the region’s crypto ecosystem.
