The FX/CFD dealer amana has expanded its cryptocurrency choice to greater than 450 digital property, in accordance with an organization announcement immediately (Monday). The agency acknowledged this represents the most important cryptocurrency portfolio amongst brokers working within the Center East and North Africa area.
The growth provides over 300 new cryptocurrencies to amana’s current platform, which additionally supplies entry to FX, indices, bodily shares and automatic funding plans. The corporate goals to supply customers a consolidated buying and selling expertise that mixes each typical markets and digital property.
“With over 450 cash and a seamless all-in-one platform, we’re making it simpler for our clients to commerce digital property alongside shares, foreign exchange, and commodities in a single place,” Muhammad Rasoul, amana’s CEO, mentioned within the announcement. “Buying and selling crypto has by no means been this easy.”
The expanded choice consists of main cryptocurrencies reminiscent of Bitcoin and Ethereum, alongside specialised tokens together with gaming-related cash like Decentraland, meme cryptocurrencies such because the Trump Coin, and numerous blockchain protocol tokens.
In accordance with amana, the technique addresses a market phase the place platforms sometimes focus solely on both conventional monetary devices or cryptocurrencies.
The dealer run by Amana Capital maintains places of work in Dubai, London, Limassol, and Beirut, serving shoppers all through the MENA area with each leveraged and unleveraged buying and selling choices. The corporate studies it has added greater than 320,000 customers since launching its software in September 2022.
Brokers Enhance Crypto Choices
amana’s current addition of over 300 cryptocurrencies directly is a comparatively unusual transfer within the brokerage business, however a number of different firms have equally expanded their cryptocurrency choices over the previous 12 months.
In November, Germany-based on-line dealer flatexDEGIRO introduced plans to incorporate cryptocurrencies in its product portfolio to compete with Revolut within the European market. Across the identical time, Robinhood expanded its crypto property providing, including a number of main cryptocurrencies and growing its complete to just about 20.
XTB is planning to take an much more formidable step by introducing spot cryptocurrency buying and selling alongside its current CFD choices, in accordance with unique data obtained by Finance Magnates.
Government Reshuffle
Center Jap brokerage agency amana final 12 months appointed Jack Saidy as Director of Operations for Lebanon to strengthen its regional presence. Saidy brings greater than ten years of expertise within the monetary markets sector to his place. Beforehand, he served as Director at Superior Markets, specializing in gross sales staff coaching and constructing consumer relationships.
The corporate acknowledged that Saidy’s in depth information of Lebanese and Center East and North Africa (MENA) markets will assist speed up amana’s progress within the area. amana supplies buying and selling alternatives throughout over 5,500 property, together with bodily and leveraged shares from the US and MENA areas, in addition to commodities and currencies.
In the meantime, amana has additionally appointed Haris Loucaides as its new Chief Monetary Officer (CFO). Loucaides succeeds Mazen Yazbeck, who unexpectedly handed away after serving as CFO for greater than 11 years. Yazbeck had additionally overseen the corporate’s human assets division.
He joined amana in 2012 after spending over ten years working with Gulf Cooperation Council (GCC) funding banks and auditing companies.
