Bitcoin Suisse conquers the Middle East: approval in Abu Dhabi!

Bitcoin Suisse conquers the Middle East: approval in Abu Dhabi!

Bitcoin Suisse received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) on May 21, 2025. This approval represents a significant step forward for the company as it marks the first expansion outside the European Union. The move enables Bitcoin Suisse to offer regulated financial services in the field of cryptocurrencies in the Middle East and is seen as an important milestone in the company's history. Ceyda Majcen, Head of Global Expansion, highlights that the approval underlines the company's commitment to transparency, security and regulatory compliance. Finews reports that its subsidiary BTCS (Middle East) is responsible for approval.

The approval gives Bitcoin Suisse the opportunity to establish a regulated offering of derivatives and trading services in the Middle East. In addition to trading digital assets, the planned services also include derivatives and custody solutions. Abu Dhabi is considered a leading digital assets location in the Middle East, supported by a progressive regulatory environment aimed at attracting businesses in the crypto sector. Vtrader highlights that the digital assets market in this region is growing, driven by technological adoption and regulatory support.

Growth and prospects in the Middle East

Bitcoin Suisse plans to expand its platform for both institutional and private customers. The company already manages over $6 billion in crypto assets and offers $2.6 billion in staked assets. The expansion in Abu Dhabi is seen as a key step in the company's further international expansion. While the digital asset market is thriving in the region, the sustainability of growth remains questionable given changing regulations and market fluctuations.

The approval for Bitcoin Suisse comes at a time when other crypto companies, such as Circle, the issuer of the USDC stablecoin, have also received similar approvals from the FSRA, underscoring the trend towards a regulated financial environment in the crypto sector. The Stacks Asia DLT Foundation's collaboration with the ADGM also shows how partnerships and regulatory engagement are further developing the crypto space in the region.

With this approval, Bitcoin Suisse positions itself as a major player in the emerging digital asset market and is also expected to play a role in dedicated exchanges within one of the fastest and most regulated cryptocurrency environments in the world.