Coinspeaker
eToro Receives Approval to Operate in UAE
The retail and social trading giant eToro recently announced that it has received a license from the Abu Dhabi Global Market (ADGM) to operate as a broker in securities, derivatives, and crypto assets in the United Arab Emirates (UAE).
eToro Bags Significant License
Yoni Assia, the Founder and CEO of eToro, expressed his enthusiasm, stating:
“It is a key milestone in our continued global expansion. Abu Dhabi is increasingly recognized as a growing fintech hub, and we are excited to become part of this flourishing ecosystem.”
As part of its expansion strategy, eToro is keen on deepening its relationships within the UAE. The company recognizes the potential of the region’s growing investor base and aims to provide them with a platform that not only facilitates trading but also fosters financial education and community engagement.
The full license comes after eToro received in-principal authorization to operate within the region
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