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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 10 sources · 4 days · First seen 6 days ago · Last updated 3 days ago

Robinhood expansion into the Middle East

Overview

Robinhood has announced its expansion into the Middle East, selecting the Dubai International Financial Centre (DIFC) as its regional headquarters. The company received authorization from the Dubai Financial Services Authority (DFSA) to provide trading and custody services across 10 asset classes, including stocks, ETFs, cryptocurrencies, and investment tokens.

Salah Kaddoura has been appointed to lead regional operations as the Senior Executive Officer and President of Robinhood MENA. While the regulatory approval marks a significant milestone, the company does not expect to launch its full suite of services for eligible regional investors until 2027.

Entities

Vlad Tenev · Dubai Financial Services Authority · Salah Kaddoura · Robinhood · Dubai International Financial Centre

Timeline

3 days ago

[BUSINESS] 3 sources
Robinhood selects Dubai for Middle East expansion
Robinhood has secured DFSA authorization to establish a regional headquarters in Dubai, targeting a Middle East market launch in 2027 with services including stocks and crypto.
6 days ago

[BUSINESS] 7 sources
Robinhood receives Dubai approval for Middle East expansion
Robinhood has secured DFSA approval to launch a retail investment platform in Dubai, targeting a Middle East and North Africa rollout by 2027.

Sources

btcwires.com · criptonoticias.com.br · criptotendencias.com · cryptobriefing.com · econoTimes.com · newsbtc.com · partageonsleco.com · themarketperiodical.com · tokenpost.com · tronweekly.com