Capital.com Eyes Spot Crypto Launch in UAE After Virtual Asset License

Capital.com has announced 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.

The license allows Capital Vault to deal in virtual assets as an agent or matching principal and provide custody services for clients. Once the service launches, eligible UAE customers will be able to buy and hold actual crypto assets through the Capital.com application.

Capital.com currently provides crypto market exposure through contracts for difference (CFDs) in supported jurisdictions. The planned spot service changes this structure, allowing customers to acquire crypto held through Capital Vault rather than entering a derivative contract with exposure to price movements.