Exclusive: Trade.com Secures Dubai License, Eyes Italy and US Next

Trade.com, a growing trading brand in the retail markets operated by Trade Capital Holding, has obtained a new license from the Government of Dubai and established a representative office in the city as well, Finance Magnates learned exclusively.

“Our new office in Dubai is a business development hub to develop our collaboration network in MENA region and APAC as we strongly believe in the growth of those markets,” said Roei Gavish, the Group CEO of Trade Capital Holding.

The new license came as a part of the group’s major global expansion plans. By the end of 2022, the group company is expected to gain licenses from regulators in Italy and the United States. It is also launching services in India through a regulated joint venture in the country.

Furthermore, the trading group is seeking a cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term license but did not name any regulator or jurisdiction it is approaching.

Trade.com already operates with multiple licenses. It is regulated in the United Kingdom, Cyprus, South Africa, Mauritius and Spain.

“TRADE.com group is expanding globally with an aim to cover a network of global licenses by 2025 and by that becoming one of the few real global fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term operators,” Gavish added. “Our motto is a global brand with a local face.”

A Bootstrapped Company

The group is also investing in strengthening its services and is developing its “own platforms and products portfolio into new spaces, adding digital banking, robo advisor and regulated crypto offering.” It is also focused on enhancing the mobile experience of traders with proprietary technology stack and openAI solutions.

So far, Trade.com has been a bootstrapped company. It is now preparing for an institutional funding round by 2024.

Meanwhile, the performance of Trade.com has been remarkable over the past couple of years. On top of that, the UK arm of the brokerage group reported a 114 percent jump in 2021 revenue, with losses narrowed by 72 percent.