Capital.com to Launch Spot Crypto Services in UAE After Affiliate Secures License

Trading platform Capital.com is set to disrupt the cryptocurrency market in the United Arab Emirates (UAE) by announcing the launch of spot crypto services. This strategic expansion became possible after its affiliate, Capital Vault, secured a virtual-asset license from the UAE's Capital Market Authority (CMA). With this approval, UAE clients will be able to buy and hold actual cryptocurrencies through the Capital.com app, marking a significant shift from the previously offered CFDs.
The new offering will allow UAE investors to take direct positions in cryptocurrencies, eliminating the need to only gain exposure to price fluctuations through contracts for difference. Capital Vault will provide execution, custody, and settlement for these transactions, further strengthening Capital.com's presence in the growing Middle Eastern crypto market. This initiative positions the company to directly compete with other exchanges already operating in the region, potentially increasing cryptocurrency adoption among both institutional and individual investors in the UAE.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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