Switzerland’s leading crypto financial service provider, Bitcoin Suisse (BTCS), has announced receiving an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The approval was obtained through the Swiss company’s subsidiary, BTCS Middle East Ltd.
On 21 May 2025, the Zug-based company confirmed that it aims to provide regulated crypto financial services in Abu Dhabi. This will include trading of virtual assets, crypto securities, and derivatives. With the IPA, BTCS is paving the way for full licensing.
Ceyda Majcen, Head of Global Expansion & designated Senior Executive Officer of BTCS, said, “Abu Dhabi, one of the Middle East’s fastest-growing financial centers, presents a compelling opportunity for growth. We look forward to working closely with the FSRA to obtain our full license and to bring our decade of experience in crypto finance to the region’s rapidly evolving digital asset ecosystem.”
Bitcoin Suisse Secures In-Principle Approval to Operate in ADGM
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— Fintech News Middle East (@MeFintech) May 21, 2025
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Next Step For Bitcoin Suisse: Financial Services Permission
“We look forward to Bitcoin Suisse receiving their Financial Services Permission (FSP) and their contribution to ADGM’s dynamic ecosystem,” said Arvind Ramamurthy, Chief of Market Development Officer at ADGM.
BTCS holds over $6 billion (AED 22.2 billion) in digital assets under custody. The company also holds $2.6 billion (AED 8.9 billion) in institutional staking services, making it one of the largest providers of digital asset custody and institutional staking solutions globally. As BTCS Middle East Ltd advances toward full licensing, it said it will continue to enhance its product suite and operational capabilities to best serve its international client base.
“ADGM congratulates Bitcoin Suisse on receiving its IPA from the FSRA of ADGM,” he Ramamurthy added. “Their expansion plans to the region to provide regulated crypto financial services within the international financial centre is a testament to the immense opportunities available within Abu Dhabi.”
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“We want to replicate our success in Switzerland internationally”
“The In-Principle approval (in Abu Dhabi) marks an important milestone in our global expansion journey,” added Ceyda Majcen.
Speaking to a media outlet last year, Bitcoin Suiss CEO Andrej Majcen said, “We want to replicate our success in Switzerland internationally.”
“Bitcoin Suisse has a location in Liechtenstein since 2019, facilitating access to the European market through the EU’s MiCAR regulation,” he added. “Simultaneously, it is establishing a presence in Abu Dhabi, responding to the high demand for crypto financial services in the Middle East.”
“In Europe, the company will focus on the DACH region, Benelux countries, France, and the Nordics,” Andrej Majcen confirmed.
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Key Takeaways
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Bitcoin Suisse is establishing a presence in Abu Dhabi, responding to the high demand for crypto financial services in the Middle East.
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BTCS Middle East Ltd is working closely with Abu Dhabi’s regulatory body FSRA to obtain its full license.
The post Bitcoin Suisse Expands to the Middle East, Aims for Global Expansion appeared first on 99Bitcoins.
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