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Robinhood Wins Dubai License to Bring Bitcoin and Stock Trading to the Middle East in 2027

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Robinhood Wins Dubai License to Bring Bitcoin and Stock Trading to the Middle East in 2027

Bitcoin Magazine

Robinhood Wins Dubai License to Bring Bitcoin and Stock Trading to the Middle East in 2027

Robinhood Markets has received authorization from the Dubai Financial Services Authority (DFSA) to offer retail trading and custody across 10 asset classes, including bitcoin and other cryptocurrencies, equities, ETFs and investment tokens, the company said in a statement on Wednesday. 

The platform is set to go live in the region in 2027 from a new hub in the Dubai International Financial Centre (DIFC), a special economic zone that will serve as the firm’s Middle East and North Africa headquarters.

Salah Kaddoura has been named senior executive officer and president of Robinhood MENA. The title is a DFSA-recognized role, which makes him the person regulators will call. He will build out the Dubai team ahead of launch.

“The DIFC is one of the world’s most important financial hubs, and our expansion there brings us closer to building a global platform that enables anyone, anywhere to own the highest quality financial assets,” said Vlad Tenev, Robinhood’s chairman and CEO, in the company statement. 

JUST IN: 🇦🇪 Robinhood has been approved by the Dubai Financial Services Authority to launch Bitcoin and digital asset trading in the Middle East 🚀 pic.twitter.com/8jBNriCnP9

Dubai extends a run of expansion beyond the US, where the app made its name with young investors trading single stocks. 

Robinhood entered the UK in 2024, opened full operations in the European Union last year, won in-principle approval for brokerage services in Singapore in April, and closed its purchase of Canadian crypto platform WonderFi in June.


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