Capital.com plans to introduce spot cryptocurrency services in the United Arab Emirates after its affiliate, Capital Vault, received a virtual asset license from the UAE Capital Market Authority.
Summary
- Capital Vault received a UAE license covering virtual asset dealing, matching, custody, execution and settlement.
- UAE clients will eventually buy and hold actual crypto assets through the Capital.com application directly.
- Capital Vault will operate separately, with dedicated governance, custody and risk management arrangements for clients.
- The planned spot service differs from CFDs, which provide exposure without ownership of underlying cryptocurrencies.
- Capital.com has…
