eToro Expands Global Footprint with Full License Approval in Abu Dhabi.

    eToro, the global trading platform, achieves a significant milestone with a full license approval in Abu Dhabi. Founder Yoni Assia highlights the platform’s commitment to the UAE’s financial hub, emphasizing community engagement. The approval, coupled with strategic appointments, underscores eToro’s resilience amid global valuation changes.

    eToro, led by CEO Yoni Assia, is making waves in Abu Dhabi’s financial landscape. The recent full license approval marks a pivotal moment in the platform’s global expansion. As Assia expresses excitement about becoming part of Abu Dhabi’s fintech hub, eToro aims not only to facilitate trading but also to contribute to financial education and community building.

    The full license follows eToro’s in-principal authorization over a year ago, showcasing the platform’s commitment to meeting local regulatory standards. Arvind Ramamurthy, Chief of Market Development at ADGM, welcomes eToro, highlighting its role in strengthening the UAE’s position as a regulated jurisdiction for virtual assets in the MENA region.

    Strategic Appointments for Regional Impact

    To deepen its roots in the UAE, eToro has strategically appointed Jason Hughes as Senior Executive Officer for the Middle East and George Naddaf as Regional Manager of GCC & MENA. These appointments underscore eToro’s dedication to understanding and navigating the unique dynamics of the UAE market.

    eToro’s Global Moves Amid Valuation Changes

    While eToro has faced a decline in valuation, shrinking by $800 million, its global expansion remains robust. Recent approvals in Cyprus and the EU highlight the platform’s commitment to regulatory compliance. The introduction of the XtremeWeather portfolio further showcases eToro’s innovative approach to providing retail investors with exposure to companies addressing challenges from extreme weather events.

    latest news

    Read More