Bitgo:- In a major crypto institutional update, crypto custody giant BitGo has expanded its presence in the Middle East and North Africa (MENA). It has launched electronic trading services for institutional clients in the region via Bitgo Prime.
The company announced the update on X, saying BitGo MENA now offers both over-the-counter (OTC) trading and electronic execution under a regulated framework.
The launch adds another piece to BitGo’s growing institutional offering in one of the fastest-growing crypto markets globally.
BitGo MENA just launched electronic trading in the Middle East and North Africa.
OTC + electronic execution. VARA-regulated. Custody insured up to $250M.
The region's institutional trading stack is now complete. pic.twitter.com/LekUHvlEWQ
— BitGo (@BitGo) June 8, 2026
Bitgo Launches Electronic Trading
Electronic trading allows institutions to execute crypto trades through a digital platform rather than relying solely on manual OTC transactions. This can help firms access liquidity more efficiently, receive real-time pricing, and execute trades faster.
In its announcement, BitGo said the addition of electronic execution means the region’s “institutional trading stack is now complete.” With this, now Bitgo’s institutional trading platform, Bitgo Prime, now offers full suite of services under one platform, including custody, OTC trading, and electronic trading.
According to the company, the service operates under the oversight of Dubai’s Virtual Assets Regulatory Authority (VARA). BitGo also noted that assets held in custody are insured for up to $250 million.
With the latest launch, BitGo joins a growing list of crypto infrastructure providers expanding their offerings in the region. It also seals its status among the leading institutional custody providers. The company is betting that institutions entering the market will prioritize regulated trading solutions and secure custody arrangements.
Boost for Institutions
The launch comes as institutional interest in the MENA crypto market continues to rise.There are growing number of institutions offering crypto services or showing interest in it. Recently, Standard Chartered partnered with Coinbase to expand fiat excess for its Prime clients.
Over the past few years, Dubai and Abu Dhabi have become key hubs for digital asset businesses. They’re attracting exchanges, custodians, market makers, and blockchain firms through dedicated regulatory frameworks.
BitGo’s expansion also comes as the UAE cements its position as one of the world’s fastest-growing crypto hubs. According to Chainalysis, the country received more than $56 billion in crypto value during the latest reporting period. Institutional-sized transactions grew 54.7% year-over-year.
Across the broader MENA region, 93% of crypto transaction volume comes from transfers above $10,000. That highlights the growing role of institutions in driving adoption.
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The development also reflects a broader trend across the crypto industry. As institutional participation increases, firms are increasingly looking for regulated venues that combine trading, settlement, and custody services in a single ecosystem.
Sneha Agrawal 
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