UAE Based Sarwa now offers crypto trading service

 

 

UAE Sarwa, hybrid automated investment platform regulated by DFSA (Dubai Financial Services Authority) has now added crypto to its trading platform. Sarwa Crypto, a product of Sarwa Digital Wealth Capital Limited regulated by ADGM FSRA,  will offer four major cryptocurrencies, Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

The statement on LinkedIn says, “We are super proud to announce that Sarwa is launching Crypto in our trading platform for clients. This latest product release comes after months of hard work.  Sarwa Crypto will allow users to trade crypto coins such as Bitcoin, Bitcoin Cash, Ether, Litecoin, and more to come in the future. In addition there is no account minimum and no transfer fees for local AED accounts.”

Co-Founder, Nadine Mezher commented, “People might ask, in this volatile market? Yes, absolutely. Our product offering is not tied to booms and drops. It's about understanding the needs of our community and how we can provide them with investing within a safe environment. So we are starting with 4 currencies - the ones that were amongst the first to emerge, as a point of entry.”

Prior to this Sarwa offered within it portfolio exposure of 5 percent to Bitcoin through GrayScale Bitcoin Trust. This was under the regulation of ADGM in Abu Dhabi.

This latest announcement, for Sarwa Crypto, comes just after a few months of launching Sarwa Trade. The World Economic Forum placed Sarwa as one of the Top 14 Fintech shaping the 4th industrial revolution. UAE Dubai International Financial Centre invested in Sarwa, as part of a 100 million USD fund, to help companies seeking access to Middle East, Africa and South Asia. Even Abu Dhabi Investment Office invested as well in Sarwa.

In 2021 Saudi Arabia’s Capital Market Authority granted Sarwa FinTech ExPermit to experiment Robo-Advisory Service in the country.