Capital.com Targets UAE Spot Crypto After Kenya, South Africa Moves
Capital.com plans to offer spot cryptocurrency trading in the UAE after its affiliate Capital Vault won a virtual-asset licence, extending an expansion that included Kenya and South Africa.
AfroEuropa Newsroom
AfroEuropa desk
Capital.com is preparing to introduce spot cryptocurrency trading in the United Arab Emirates, according to BitKE. The step follows the platform's earlier expansion into Kenya and South Africa.
The plan hinges on a virtual-asset licence granted to Capital.com's affiliate, Capital Vault, by the UAE Capital Market Authority. According to the report, the licence permits Capital Vault to act as an agent or matched principal in virtual-asset transactions and to provide custody services. The affiliate will operate as a separately regulated entity, handling execution, custody and settlement.
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