MultiBank Group Obtains CySEC License, Expects to Go Public in 2023

MultiBank Group, a global leading FX and CFD broker headquartered in Dubai​, has announced that its newly established European subsidiary, MEX Europe Ltd, has been granted a license by the Cyprus Securities and Exchange Commission (CySEC) to operate in the region.

With this CySEC authorization, the brokerage firm currently has regulatory approvals from 12 global regulators including SCA, MAS​, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, and VFSC.

Naser Taher, Chairman of MultiBank Group, said: "We are immensely proud of MultiBank Group obtaining the CySEC license, reflecting our dedication to continuously developing the world's leading regulated financial products and services ecosystem. MultiBank Group has been operating in the financial services industry with an unblemished track record, for over 20 years, and as such, it has built a reputation for providing the highest level of funds security, first-class financial services, award-winning technology and products that have made MultiBank the world's most widely used financial derivatives broker with a loyal valued customer base of over 1,000,000 users."

Furthermore, MultiBank has an ambitious expansion strategy ahead of going public this year.

In its latest statement, the company said: "The unveiling of MEX Europe comes when the MultIBank Group is expecting to go public in 2023 with several ground-breaking projects including an inter-bank ECN trading platform for financial institutions and banks, a digital assets exchange regulated in Australia, an enhanced state-of-the-art social trading application and a global digital payments processor which will be combined to create the world's first cross-asset ecosystem, aiming to bridge the gap between traditional and other emerging forms of finance."