UAE-based fintech Sarwa rolls out crypto trading on its app

UAE-based fintech Sarwa rolls out crypto trading on its app

UAE-based leading personal finance and investing platform, Sarwa has launched cryptocurrency trading through its app.

Sarwa said in a statement that this move makes it easier than ever to centralize all different investments a client looks for in one app, from hands-off long-term investing to self-directed trading.

“Retail investors have been using the platform’s trading product, Sarwa Trade, to buy and sell US-listed stocks and exchange-traded funds. Now, Sarwa Crypto will offer them a commission-free trading experience of Bitcoin, Ether, Litecoin, and Bitcoin Cash with zero transfer cost for AED local accounts, and tight spread,” as per the statement.

Sarwa’s offering comes as a response to its community’s needs and market insights with many retail investors looking to diversify their portfolios to include cryptocurrencies.

According to a recent study, 33 percent of UAE citizens claim to have invested in cryptocurrencies and intend to deposit 25 percent of their investable assets in this asset class.

Mark Chahwan

CEO and Co-founder

Sarwa “Having access to investing in a simple, regulated, and low-cost environment should be a priority and available for all in the region. There is a significant amount of interest in cryptocurrency in the GCC, even with the recent market development. We are launching with the 4 most