CAPEX.com, a multi-licensed fintech brokerage firm, has announced that it has obtained approval in principle to operate a cryptocurrency business in Abu Dhabi.
The broker’s new license is part of its strategy to further develop its presence in the MENA region, established in 2019.
CAPEX Founder and CEO Octavian Pătrașcu pointed out that Abu Dhabi will become the brokerage company’s headquarters for the MENA region.
Octavian Pătrașcu, Founder and CEO of CAPEX.com, commented:
Now that we are ready to launch our cryptocurrency division in the Middle East, we are on our way to becoming a complete trading application that offers several verticals in financial services in different regions. We are happy to see that the markets are becoming more and more regulated and we are among the first to have all the legal infrastructure required to provide a better and safer experience for our users.
We are excited to create a true financial services hub under ADGM, which can be our headquarters for the entire Mena region.
CAPEX.com holds over 9 licenses in separate jurisdictions and its suite of services includes Forex, CFDs, ETFs, Crypto. Additionally, the broker recently launched CAPEX invest which offers Real Shares Trading. With the new cryptocurrency license, Capex.com can now launch its third vertical under ADGM approval.
Furthermore, the official announcement clarifies that the brokerage company has started hiring new talent in the regions where it operates as part of its growth strategy.