XTB MENA, the brand under which Polish broker XTB operates from Dubai, has extended its offering to clients by adding cryptocurrency contracts for differences (CFDs) instruments.
The new trading instruments have already been listed and are available only with the xStation platform, not the MetaTrader 4; they also offer an alternative.
The platform’s offerings are as follows: Bitcoin (BTC), Ethereum(ETH), Cardano (ADA), EOS & Binance Coin. It also offers Dogecoin, which has become famous thanks to its association with cryptocurrencies and memes alike.
The spreads for these trades vary from 20% to 25%, but some have higher leverage than others. However, it’s not offering any leverage to some volatile cryptos like Terra.
A Global Broker
XTB is among the few publicly listed forex and CFD brokers that gained a license from Dubai’s DFSA. They launched their Middle East-specific services in July 2021 to provide clients with similar capabilities as those available across other global regions.
XTB is one of the most transparent brokers regarding performance metrics, making it popular with investors who want access and transparency. At the year-end of 2021, they had a solid 135% rise in operating income and a 183% annual increase in net profit.