XTB MENA Expands Offerings with the Launch of New Crypto CFDs

Fazzaco learned that XTB MENA has today added new cryptocurrency contracts for difference (CFD) instrument to its platform. The new instruments are now only available on its own trading platform xStation.

XTB MENA, the Dubai-operated subsidiary of X-Trade Brokers (XTB), acquired a category three license from the Dubai Financial Services Authority (DFSA) in July last year and started to serve clients in the MENA region in October. The company offers more than 1900 instruments to traders through MetaTrader and its own xStation platform.

Founded in 2002, XTB is headquartered in London, UK and has offices in more than ten countries including Poland, Germany, France and Turkey. The broker is currently regulated by several regulators including FCA, CySEC, KNF and IFSC. The CFDs of Forex, Indices, commodities, stock, ETF and Crypto are now available on its platform.

Last August, XTB acquired an FSCA license in South Africa, marking an important step in its strategic expansion. Paweł Szejko, XTB's CFO and member of the management board, said that the group's priority was to develop its presence in the Middle East, which means that they would devote a lot of effort and resources for growth in this market.