eToro receives in-principle approval to operate as an investment broker in Abu Dhabi Global Market

eToro receives in-principle approval to operate as an investment broker in Abu Dhabi Global Market

Social investing network eToro announced today that it has received an In-Principle Approval to operate as a securities, derivatives and crypto broker in Abu Dhabi. The subsequent approval for a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), the international financial centre of the capital of the UAE, will enable eToro to establish a base from which to offer its services to customers across the region.

Arvind Ramamurthy, Chief of Markets at ADGM, said, “We are pleased that eToro has been awarded an In-Principle Approval by the ADGM and are excited to support them as they work towards establishing their foothold and presence in Abu Dhabi, the capital of the UAE. ADGM is the largest regulated jurisdiction of virtual assets in the MENA region and eToro’s participation will add to its vibrant and trusted ecosystem of virtual asset trading venues, global exchanges and service providers.

“ADGM’s virtual asset framework is well recognised globally for its inclusive regulations and robust provisions and it is part of ADGM’s ongoing commitment, as an International Financial Centre, to bolster the economic growth of Abu Dhabi and to uphold the transparency and integrity of the marketplace. ADGM will continue to