eToro receives crypto investment broker in principle approval from Abu Dhabi's ADGM
eToro, social investment networks has received an In-Principle Approval to operate as a securities, derivatives and crypto broker in Abu Dhabi, UAE. The Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), approval will enable eToro to establish a base from which to offer its services to customers across the region. eToro allows users to view other investors’ portfolios and statistics, and interact with them to exchange ideas, discuss strategies, and benefit from shared knowledge. Users can hold traditional assets such as equities, currencies, ETFs, or commodities, alongside newer assets like cryptoassets. eToro also offers its users a choice of how to invest, as users can trade directly themselves, invest in a portfolio, or replicate the investment strategy of other investors on eToro’s platform at no extra cost, with a single click. Arvind Ramamurthy, Chief of Markets at ADGM, said, “We are pleased that eTor