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).

CoinMENA, a cryptocurrency exchange and trading platform operating in the Middle East and North Africa (MENA) region, has announced a strategic partnership with Bitpanda. The alliance is designed to enhance CoinMENA's trading efficiency and expand its digital assets products and services.

CoinMENA holds operational licenses from the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA). This partnership will enable CoinMENA to rapidly add new crypto assets to its platform, catering to the surging market demands in the MENA region.

CoinMENA co-founders Dina Sam’an and Talal Tabbaa expressed their enthusiasm for the collaboration in a joint statement:

“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.”

Sam’an further highlighted the partnership in a post on Twitter on Aug. 26.

Thrilled to announce our strategic partnership with @Bitpanda_global! Together, we are enhancing trading efficiency and expanding our crypto asset offerings at @CoinMENA. This collaboration marks a significant step forward in our mission to provide users with the most reliable… pic.twitter.com/7nq2YwkFHM

— Dina Sam'an | دينا سمعان (@DinaSaman_) August 26, 2024

As part of the partnership, Bitpanda will serve as a liquidity provider for CoinMENA, aiming to enhance 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 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.

Recently, Bitpanda partnered with RAKBANK to expand the digital assets space in the United Arab Emirates (UAE). The exchange also joined forces with Coinmotion and struck a major deal with Serie A giants AC Milan.

The above is the detailed content of Crypto exchange Bitpanda and trading platform CoinMENA have announced a strategic alliance aimed at bolstering the latter's efficiency.. For more information, please follow other related articles on the PHP Chinese website!