Robinhood Secures Dubai License to Launch Crypto Operations by 2027

Robinhood has obtained approval from the Dubai Financial Services Authority to operate trading and custody services in the Middle East. The company plans to launch its activities in 2027 from a new office located in the Dubai International Financial Centre.

The license allows the platform to offer ten asset classes to retail investors. The catalog includes Bitcoin and other cryptocurrencies along with stocks, exchange-traded funds, and investment tokens. The authorization covers the custody of client digital assets starting on the first day of operations.

Salah Kaddoura has been appointed as the president and senior executive officer of the regional division to lead the formation of the local team. This move is part of the company's global expansion strategy which has already reached the United Kingdom, the European Union, Singapore, and Canada.

The expansion into the Middle East reflects the growth of the retail investor base in the region. The company aims to consolidate a global platform that facilitates access to high-quality financial assets for users in various countries.

This advancement in international regulation expands the presence of digital asset platforms in strategic financial hubs. The increase in regulated custody offerings in new jurisdictions may influence global liquidity and institutional risk perception regarding the cryptocurrency market.