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Wednesday, 21 October 2026 Dubai · GST
UAE, UNFILTERED
BI
ROBIUS / BROKER PROFILE

BitGo MENA

BitGo MENA FZE

VARASelect assessmentFresh
Primary licence checkedSeptember 30, 2026Checked 20 days ago.
THE ROBIUS VIEW

Select assessment

BitGo provides one of the clearest Dubai execution-to-custody structures: BitGo MENA FZE handles broker-dealer trading while BitGo Custody MENA FZE separately holds assets and performs settlement.

DECISION BRIEF

What this record means

A concise reading of the structured evidence, written for practical decision-making.

01
Why it matters

BitGo provides one of the clearest Dubai execution-to-custody structures: BitGo MENA FZE handles broker-dealer trading while BitGo Custody MENA FZE separately holds assets and performs settlement.

02
Account and customer reality

BitGo MENA FZE is the direct counterparty for its trading services. Its electronic trading agreement states that BitGo MENA acts as principal and faces the counterparty on each transaction. · BitGo MENA FZE does not hold client assets. Trading clients must maintain a separate custodial account with affiliate BitGo Custody MENA FZE, which provides custody, clearing and settlement. Current BitGo materials also describe BitGo group platform/key infrastructure supporting the custody service. · Institutional/QI OTC and electronic virtual-asset trading integrated with separate VARA-regulated BitGo Custody MENA custody and settlement.

03
What to verify before acting

Retail clients are not eligible. Trading and custody are provided by legally separate UAE affiliates. BitGo's disclosures state that trading is principal/riskless-principal rather than agency execution, and clients should distinguish the trading counterparty from the asset-holding custodian.

Evidence strengthNeeds review

Important evidence or freshness checks are incomplete.

Last checkedSeptember 30, 2026
Next reviewNovember 14, 2026
EVIDENCE CHECK

How the assessment is supported

  • Primary evidence linked2 official sources are attached.
  • Freshness checkChecked 20 days ago.
  • Editorial publication gateThis public version passed the system publication requirements.
  • Material changes preservedNo material update has been recorded after the baseline.
01

Primary sourceLinked evidence on vara.ae

02

Editorial checkReviewed September 30, 2026

03

Next triggerRoutine evidence refresh

RELATIONSHIP INTELLIGENCE

How this record connects

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2 connections shownA mapped connection is not an endorsement. Evidence and relationship context remain record-specific.
UAE REGULATORY FOOTPRINT

Each licence, entity, and customer role

A brand may use several UAE legal entities. Robius records each permission separately and identifies the primary customer-facing licence.

VARAPrimary customer-facing licence

BitGo MENA FZE

Status

Licensed

Licence number

VL/25/09/001

Licence type

VASP Licence — Broker-Dealer Services

Customer relevance

Operates the customer-facing service

Permitted activities

Broker-Dealer Services for Qualified Investors and Institutional Clients.

What this means for customers

Direct trading counterparty. BitGo states this entity does not hold client assets; trading clients separately onboard with BitGo Custody MENA FZE.

Open official regulator record ↗
VARA

BitGo Custody MENA FZE

Status

Licensed

Licence number

VL/25/04/003

Licence type

VASP Licence — Custody Services including custodial staking

Customer relevance

Select relevance

Permitted activities

Custody Services including custodial staking for Institutional Investors and Qualified Investors.

What this means for customers

Separate asset-holding affiliate used for custody, clearing and settlement of BitGo MENA trading clients.

Open official regulator record ↗
ACCOUNT AND PRODUCT REALITY

What the record currently shows

Select evidence status

Entity holding the client account

BitGo MENA FZE is the direct counterparty for its trading services. Its electronic trading agreement states that BitGo MENA acts as principal and faces the counterparty on each transaction.

Client-fund jurisdiction

BitGo MENA FZE does not hold client assets. Trading clients must maintain a separate custodial account with affiliate BitGo Custody MENA FZE, which provides custody, clearing and settlement. Current BitGo materials also describe BitGo group platform/key infrastructure supporting the custody service.

Products offered

Institutional/QI OTC and electronic virtual-asset trading integrated with separate VARA-regulated BitGo Custody MENA custody and settlement.

SOURCE RECORD

Official information

Every regulatory link is tied to a specific UAE entity and permission. Read the customer relevance before assuming a licence covers your account, funds, or assets.

Open VARA record ↗Open VARA record ↗Open company website ↗
RELATED INTELLIGENCE

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RECORD HISTORY

How this intelligence evolved

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  1. Evidence review
    Source checked

    The supporting evidence was reviewed.

    Robius checked the linked primary source and preserved the current public assessment.

  2. Public baseline
    Published record

    The first verified public version was established.

    Later material edits appear above this baseline. Routine formatting changes are not shown.

Editorial and commercial disclosure

No commercial relationship is recorded for this profile. Commercial relationships cannot change a Robius verdict, ranking, factual conclusion, or omission of material risk.