Bitpanda and CoinMENA Partner to Expand Crypto Asset Services in the Middle East

Bitpanda Technology Solutions and CoinMENA have partnered to expand crypto trading services in the Middle East. Licensed as a crypto asset platform under the Central Bank of Bahrain and Dubai Virtual Asset Regulatory Authority (VARA), CoinMENA aims to utilize Bitpanda’s digital infrastructure to meet a growing crypto demand among users.

Expanding Crypto Asset Offerings

According to the official announcement, this partnership promises to enhance trading efficiency and broaden the range of crypto assets available to users. CoinMENA’s partnership with Bitpanda Technology Solutions has promised to deliver several key benefits to its users.

This integration reportedly ensures that users receive optimal prices for their trades, leading to a smoother and more reliable trading experience. Additionally, this collaboration reportedly addresses one of the most requested features from CoinMENA’s user base, the rapid addition of new crypto assets to the platform.

🚨NEW Partnership Announcement🚨

CoinMENA partners with @Bitpanda_global Technology Solutions to enhance trading efficiency and expand crypto-asset offering

CoinMENA Co-Founders @DinaSaman_ and @tabbaa4 statement: "We are excited to partner with Bitpanda Technology Solutions,… pic.twitter.com/oivhZPGpdK

— CoinMENA | كوين مينا (@CoinMENA) August 26, 2024

The partnership with Bitpanda enables CoinMENA to integrate a range of crypto assets into its platform, offering its users a more comprehensive selection. According to the company, this move aligns with the increasing demand for diversified crypto asset portfolios in the region, particularly as the MENA region continues to emerge as a hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term for crypto innovation.

Currently, Bitpanda serves a global clientele, including some of the world’s renowned financial institutions. Its partnership with CoinMENA is expected to strengthen its presence in the MENA region. In June, Bitpanda reported that its user base surpassed 5 million retail investors. The step followed a significant growth period in the second quarter when the number of retail traders expanded by 25%.

Bitpanda Expands User Base

The crypto exchange reportedly added another million users in just the past 12 months, highlighting a growing interest in crypto trading across Europe. Bitpanda also disclosed an expansion of its partnership with Deutsche Bank to offer real-time payment solutions in Germany.

This partnership reportedly supports transactions through an API-based account solution, enabling Bitpanda access to German IBANs. This initiative is Bitpanda’s step to boost user experience and strengthen its position as a crypto trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in Europe.