Capital.com Enters Regulated Spot Crypto Market with UAE License
Capital.com has announced plans to offer spot cryptocurrency services in the United Arab Emirates after its affiliate, Capital Vault, secured a virtual-asset license from the country's Capital Market Authority (CMA).
The approval marks a significant shift for the group, which is best known for offering leveraged CFD trading. With this new license, Capital Vault will be able to deal in virtual assets as an agent or matching principal and provide custody on behalf of clients.
This move means UAE clients will be able to buy and hold actual crypto through the Capital.com app, with Capital Vault providing execution, custody, and settlement. This is a change from the group's core business, which offers CFDs that provide price exposure to an asset without transferring ownership of the underlying crypto.
The announcement did not provide a specific launch date for the spot service.