Switzerland’s leading crypto financial service provider, Bitcoin Suisse (BTCS), has announced it has secured an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This approval enables the company to provide regulated crypto financial services in Abu Dhabi, including the trading of virtual assets, crypto securities, and derivatives.
On May 21, 2025, the Zug-based firm confirmed its ambitions to pave the way for full licensing through its subsidiary, BTCS Middle East Ltd.
Ceyda Majcen, Head of Global Expansion & designated Senior Executive Officer of BTCS, remarked, > “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.”
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,” noted Arvind Ramamurthy.
BTCS manages over $6 billion (AED 22.2 billion) in digital assets under custody and $2.6 billion (AED 8.9 billion) in institutional staking services, positioning it as a leading global provider of digital asset custody and institutional staking solutions as it advances towards full licensing.
In a statement, Ceyda Majcen also stated, > “The in-principle approval marks an important milestone in our global expansion journey.”
Andrej Majcen, Bitcoin Suisse’s CEO, emphasized their strategy to replicate their Swiss success internationally, highlighting the creation of a presence in Liechtenstein to access the European market and a parallel establishment in Abu Dhabi to meet the high demand for crypto services in the region.
Key Takeaways
- Bitcoin Suisse is making its mark in Abu Dhabi to meet the regional demand for crypto services.
- BTCS Middle East Ltd is closely partnered with Abu Dhabi’s FSRA to secure its full operational license.
