The Dubai trading market continues to attract more trading platforms to its economy. A recently launched trading platform, Trade.com, operated by Trade Capital Holding, matched its investments to the country.
The officiating of the firm in Dubai territories was accompanied by a license obtained from the Government of Dubai. Trade.com confirmed its stay in the Dubai market by setting up a representative office in the city.
“Our new office in Dubai is a business development hub to develop our collaboration network in MENA region and APAC as we strongly believe in the growth of those markets,” Roei Gavish, the Group CEO of Trade Capital Holding, noted.
In the state to extend its presence globally, Trade.com initiated plans to venture into other countries by the end of 2022. The most recent countries on its list include Italy and the United States. The entity executives are on their toes to acquire licenses from the regulators in the two countries.
In addition, Trade.com will be launching services in India through a regulated joint venture. Moreover, the trading platform is seeking a cryptocurrency exchange license but no regulator or jurisdiction was defined as a party of preference to approach.
“TRADE.com group is expanding globally, intending to cover a network of global licenses by 2025 and by that becoming one of the few real global fintech operators,” Gavish added. “Our motto is a global brand with a local face.”
Trade.com has roots and is regulated in the United Kingdom, Cyprus, South Africa, Mauritius, and Spain.
Trade.com Future Plan
Trade Capital Holding is keenly focusing on strengthening and creating more services by developing its “own platforms and products portfolio into new spaces, adding digital banking, Robo advisor and regulated crypto offering.”
The firm is in the process of fully embracing the mobile experience of traders with a proprietary technology stack and openAI solutions.
Trade.com has been performing tremendously over the past couple of years. The company reported a revenue jump of 114 percent in the financial year 2021. The company lowered its loss to 72 percent and is planning for a funding round by 2024.