CAPEX.com receives in-principle approval for crypto trading license in Abu Dhabi
CAPEX.com announced today that it has received in-principle approval for a cryptocurrency trading license in Abu Dhabi. It is not the first time the brand has received a vote of confidence from ADGM (Abu Dhabi Global Market), as it has been developing its strong MENA region presence since 2019.
Octavian Pătrașcu, the founder and CEO of CAPEX.com, commented on the new license:
“Now that we are ready to launch our cryptocurrency division in the Middle East, we are one step closer to becoming a complete trading app that offers multiple verticals for financial services in different regions. We are happy to see that the markets are becoming more regulated and we are among the first to have all the required legal infrastructure to offer a better and safer experience to our users.
We are enthusiastic about creating a real hub of financial services under ADGM, that can be our headquarters for all the MENA region.”
Capex’s range of services span many markets and instruments including: Forex, CFDs, ETFs, Crypto, and, as of this year, CAPEX Invest that offers Real Shares Trading. The cryptocurrency license green-lights the launch of its third vertical under ADGM’s approval.
Mădălina Rotaru, the COO of CAPEX Group and Senior Executive Officer of CAPEX Mena, commented:
“We are delighted that one of the world’s strictest regulatory authorities has again acknowledged our stringent business ethics and high standards. Our brand provides the Middle Eastern market with excellent financial services, and this new license is a representation of the trust we have built within the region. Moreover, we are very content that our vision of being a one-stop-shop broker is spreading wider. These high standards and expansion plans are endeavors we want to keep pursuing.”
The broker has activated nine licenses in separate jurisdictions for different verticals and services, in a short period.