The Abu Dhabi Global Markets Financial Services Regulatory Authority has granted digital trading and investment platform eToro license to function as a broker for securities, derivatives, and cryptocurrency assets within the UAE.
With over 34 million registered customers and operations in over 100 countries, eToro offers free account opening and a $200 trading minimum that can be funded through PayPal, a bank account, or a debit card.
Established in Israel in 2007, eToro's platform allows users to purchase and sell more modern assets like cryptocurrencies and other emerging digital assets in addition to more conventional ones like equities, currencies, exchange-traded funds, and commodities.
The platform is regulated in Europe, Australia, the UK, and the US.
eToro raised $250 million in March from investors including SoftBank Vision Fund 2 and Velvet Sea Ventures.