Capital.com plans UAE spot crypto services after affiliate wins licence
UAE clients will be able to buy and hold crypto through Capital.com’s app, expanding beyond price exposure through contracts for difference.
Capital.com aims to expand its services in the United Arab Emirates by launching spot crypto offerings through its affiliate, Capital Vault. The affiliate recently obtained a virtual-asset license from the Capital Market Authority (CMA), enabling it to deal in virtual assets as an agent or principal and provide custody services to clients.
Once implemented, UAE customers will be able to purchase and hold actual cryptocurrency within the Capital.com app, with Capital Vault handling execution, custody, and settlement procedures. This move diverges from Capital.com's Contracts for Difference (CFDs), which merely provide price exposure without actual crypto ownership.
Capital Vault functions as a distinct, regulated entity, with its governance, custody, and risk management processes separate from Capital.com's other operations. The affiliate has established an office in Abu Dhabi and is currently assembling a local virtual-asset team. This approval comes after the CMA introduced a comprehensive virtual-asset regulatory framework in April, broadening the scope of regulated activities from three to eight and imposing requirements related to business conduct, alternative trading systems, anti-money laundering controls, and prudential standards.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
