eToro has expanded its operations in the United Arab Emirates by introducing crypto deposit functionality, allowing users to transfer nine major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, and USDC directly into their accounts. This feature enables UAE clients to convert their crypto holdings into USD and trade across eToro's multi-asset platform, which includes equities, ETFs, commodities, and crypto CFDs.
As part of the rollout, eToro has brought its stock-cashback program to the UAE, offering users 1% cashback in domestic equities when converting crypto to USD. The promotion runs until March 2026 and focuses on shares from the Abu Dhabi Securities Exchange and Dubai Financial Market, aiming to deepen engagement with local markets.
This expansion is supported by regulatory approvals from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market, permitting eToro to operate as a broker for both securities and digital assets. The UAE's structured regulatory environment aligns with eToro's strategy to integrate crypto into traditional finance and strengthen its position as a regulated multi-asset broker in a competitive market.
