Global multi‐asset fintech group Plus500 today revealed it has obtained a licence from the Dubai Financial Services Authority (DFSA) in the growth market of the United Arab Emirates(UAE).
According to the official announcement, the newly obtained licence is effective immediately. It allows the Group to expand its offering to customers across the UAE, as its global expansion continues.
David Zruia, CEO of Plus500, commented:
David Zruia
Source: LinkedIn
We are delighted to have received licence authorisation from the DFSA in the UAE and we are excited to bring our market-leading technology capabilities to customers in the region. This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our customers.
Zruia highlighted that since 2020, Plus500 has secured licences in the US, Japan, Estonia, the Seychelles and the UAE, some of them through acquisitions.
He added:
Consequently, Plus500 has a valuable and growing portfolio of twelve licences, ensuring that our growing business continues to be built on a strong regulatory foundation.
