Dubai-headquartered XTB MENA has expanded its service offering by incorporating new crypto CFD products on its xStation platform.
XTB MENA, a subsidiary of XTB brokerage operating in Dubai, has expanded its offerings by adding crypto CFD instruments. Headquartered in Poland, XTB is one of the few publicly listed forex and CFD brokers. In July 2021, XTB secured a license from the Dubai Financial Services Authority (DFSA) and launched a dedicated the Middle East and North Africa service the following October.
As a public company, XTB is obliged to publish its performance metrics regularly to prove the company's transparency. XTB managed to end 2021 with a 135.6% jump in its operating income and a 183.7% increase in annual net profit.
Only Available on xStation Platform
Initially, XTB broker launched a CFD service consisting of 19 cryptocurrencies, including Bitcoin, Ethereum, Cardano, EOS, and Binance Coin. However, it seems that the company is also adding Dogecoin, a meme-based token, due to its popularity with clients.
Clients can already enjoy new trading instruments on the broker's xStation trading platform, not on the MetaTrader 4 platform. xStation offers a 20 or 25% margin for most of the listed crypto CFDs and does not offer leverage for high-risk cryptos such as the highly volatile Terra. You don't have to worry either, as the services offered under the MENA operation are similar to XTB's offerings in Europe or other global regions.