BitGo's MENA arm started offering electronic trading services to institutional clients this week. The crypto custody firm announced the expansion on X, adding over-the-counter and electronic execution to its regional menu.
What's on offer
The new service gives institutional clients two ways to trade: OTC block trades and direct electronic execution through BitGo's platform. It's the first time the company has made electronic trading available in the Middle East and North Africa. BitGO already provides custody and wallet infrastructure in the region.
Why the region matters
The MENA market has become a focus for crypto firms looking for clearer regulation and growing institutional interest. The UAE, Saudi Arabia and Qatar have all introduced frameworks this year aimed at attracting digital-asset businesses. BitGo's move puts it alongside competitors like Copper and Zodia that are also building out trading desks in the Gulf.
No volumes shared yet
The company didn't disclose which institutions are using the service or how much volume has traded since the launch. The announcement on X was brief — just a few lines confirming the service was live. That's typical for BitGo, which tends to roll out products quietly and let adoption speak for itself.
What's next for BitGo MENA? The firm has been hiring locally and expanding its team in Dubai. Expect more product announcements before the end of the year as it tries to lock in institutional clients ahead of competitors.
