Deriv, the global online trading platform, said it had a license from the United Arab Emirates Securities and Commodities (SCA) for its subsidiary, Deriv Capital Counts & Currencies LLC, which establishes a new center in the country.
Approval is a strategic step in the regional expansion of derivation, as it seeks to provide organized and locally compatible trading services in one of the world’s most dynamic financial centers.
The company, which has a 26 -year heritage and serves more than 3 million customers all over the world, said this step is in line with its mission to access to financial markets.
“As we enter our twenty -sixth year, the SCA license for our Emirati entity establishes the next semester of growth,” said Rakhchit Chaudhry, the only CEO of Deriv. He highlighted the “Fintech-Forward” in the United Arab Emirates and the permanent young population of the young as major opportunities for opportunities.
The UAE entity, which works under SCA SecorTight, works for specially designed services for the local market, including Arab and English support within the application, the region’s payment options, and an experimental account of 10,000 dirhams.
The Mobile Deriv app will allow trading in teams of teams (CFDS) on hundreds of tools across six markets, with AED financing starting from 40 dirhams and risk management tools such as stopping loss and backward stop.
Joanna Ferno, Executive Director of Deriv’s UAE, said that obtaining the license is “an essential matter for our regional strategy”, which allows transparency, guarantee and quality of service to United Arab Emirates clients.
This step follows licenses in Mauritius, Kayman Islands and a year of quick innovation, including DERIV to Amnesty International.