eToro, a world funding platform, has partnered with the Abu Dhabi Securities Change (ADX) so as to add ADX-listed shares to its choices, broadening funding alternatives for customers within the UAE and internationally.
Beginning in 2025, eToro customers will be capable of spend money on quite a lot of ADX-listed corporations throughout sectors together with vitality, actual property, banking, finance, expertise and healthcare.
This collaboration helps eToro’s technique to broaden its funding choices and enhances Abu Dhabi’s place as a number one funding hub. The partnership additionally marks the primary anniversary of eToro’s operations within the UAE, growing market liquidity and entry to one of many world’s fastest-growing exchanges.
Partnership objectives
“We’re excited to announce our partnership with the Abu Dhabi Securities Change, enabling eToro customers to commerce ADX-listed shares,” mentioned Yoni Assia, co-founder and CEO at eToro. “Since our founding in 2007, we’ve constructed a world, multi-asset funding providing and in the present day provide our customers from 75 nations the power to commerce in equities from greater than 20 inventory exchanges.”
Abdulla Salem Alnuaimi, group CEO of ADX, additionally commented: “ADX is devoted to connecting international traders with alternatives in one of many area’s most dynamic markets. Our partnership with eToro will present seamless entry to main ADX-listed corporations throughout key sectors for over 38 million registered customers on eToro, enhancing market liquidity and reinforcing Abu Dhabi’s place as a premier vacation spot for worldwide funding.”
In the meantime, George Naddaf, MD enterprise growth for the MENA area at eToro, mentioned: “We’re delighted to announce our partnership with the ADX throughout Abu Dhabi Finance Week. This marks eToro’s first anniversary as a licensed dealer serving the wants of retail traders within the UAE.”
Based on eToro’s knowledge, solely 42 per cent of UAE retail traders have publicity to ADX-listed shares.
“Nonetheless, there’s a sturdy sense of optimism, with 80 per cent anticipating market development inside the subsequent yr,” Naddaf additionally continued. “This collaboration allows each our native and international customers to capitalise on the area’s development trajectory and aligns with our dedication to supporting the UAE’s financial imaginative and prescient.”
