Seychelles-based crypto exchange Bitget has announced that it opened an office in Dubai, the most populated emirate of the United Arab Emirates (UAE), as part of its expansion plans to the Middle East. The firm said it started hiring for new roles in the region. The company plans to hire 30 to 60 new staff members for its Middle Eastern team over the next two years. - The popular crypto trading platform also weighs the possibility of opening a regional headquarters in the Middle East.
- The firm will first explore the opportunities in Bahrain and the UAE.
- Bitget has already submitted license applications in several Middle Eastern countries to operate in a regulated way in the region.
The UAE has become an attraction point for crypto firms over the last several months, as leading platforms, including Crypto.com, OKX, and Binance, showed efforts to register with Dubai's market regulator. - In April, crypto exchange Bybit also opened its global headquarters in Dubai as part of its plans to strengthen its position in the Middle East and North Africa (MENA) region.
- Similarly, Coinbase's executive team recently visited the UAE for strategic development in the region, and at the time, CEO Brian Armstrong praised the country for the first dedicated crypto regulator in the world, a clear rule book, strong customer protections, and a business-friendly approach.
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