Capital.com is planning to launch spot cryptocurrency services in the United Arab Emirates, according to a Techub News brief citing Cointelegraph. The report said an affiliated company of the trading platform has obtained the relevant license from a local regulator.
With the approval in place, customers in the UAE will be able to buy and hold cryptocurrencies directly through the Capital.com app. That would expand the platform’s local offering beyond contracts for difference, or CFDs, which only provide price exposure rather than direct ownership of the underlying assets.
The update points to a shift in how Capital.com may serve users in the UAE market. Instead of limiting crypto access to derivative-style products, the company is preparing to offer direct spot access through its app.
Capital.com is planning to launch spot cryptocurrency services in the United Arab Emirates, according to Techub News, which cited Cointelegraph. An affiliated company of the trading platform has obtained the relevant license from a local regulator.
After securing the approval, customers in the UAE will be able to buy and hold cryptocurrencies directly through the Capital.com app, rather than being limited to trading price exposure through contracts for difference.
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