Crypto investment platforms eToro and M2 received various degrees of approval from Abu Dhabi Financial Markets Authority (ADGM) to offer their services in the United Arab Emirates.

eToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broker for securities, derivatives, and crypto assets. Cryptocurrency exchange M2, on the other hand, got recognition as a fully regulated Multilateral Trading Facility (MTF) and custodian that can on-board UAE residents and institutional clients.

According to Yoni Assia, Founder and CEO of eToro, the new UAE licensing is “a key milestone in our continued global expansion.” In September, eToro received a…

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