Robinhood Secures Dubai License to Launch Middle East Retail Investment Platform Next Year

Bloomberg reported that Robinhood Markets Inc. plans to establish Dubai as its new operational base next year to launch its retail investment platform in the Middle East, further expanding its global business footprint. The company has obtained authorization from the Dubai Financial Services Authority (DFSA) to provide trading and custody services to individual investors, covering 10 categories of assets including stocks, cryptocurrencies, exchange-traded funds (ETFs), and investment tokens.