- XTB secures licenses in Indonesia and UAE, expanding global reach with plans to launch operations in 2025.
XTB is ready to take huge steps into global expansion with regulatory approvals secured in Indonesia and the UAE.
The approvals represent a major milestone for a company that wants to broaden its reach beyond its European roots.
XTB Indonesia Berjangka, a subsidiary of XTB in Indonesia has received a PALN license by Bappebti to launch stocks and ETF investment services locally.
Meanwhile, the newly issued Category 5 license from the UAE’s Securities and Commodities Authority (SCA) has reportedly broadened XTB’s operational capacity past Dubai’s economic zone.
This adds to its existing DFSA license, and will further enhance the fintech’s services across the region.
