Robinhood Wins Dubai Approval as Crypto Rivals Race Ahead

Robinhood has won a Dubai Financial Services Authority (DFSA) license to serve retail investors across the Middle East. However, the US trading app will not launch its products until 2027. The approval is also older than it looks. Robinhood MENA Limited received its license on July 20, three months before Thursday’s announcement. What Does Robinhood’s Dubai License Actually Allow? Robinhood MENA, led by Salah Kaddoura, will operate from the Dubai International Financial Centre (DIFC), a financial free zone. The company says the license covers all 10 DFSA-approved asset classes. These include stocks, ETFs, crypto, and investment tokens, meaning tokenized securities. The public register reads narrower. It lists “arranging” permissions, including futures and options, suggesting trades and custody may run through other group entities.

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