Industry News 8.25: ADGM grants M2 a virtual asset trading license, FxPro moves to Dubai.

1. Abu Dhabi Global Market Issues Virtual Asset Exchange License to M2

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued an official Financial Services Permit (FSP) to M2. This permits M2 to operate a crypto multilateral trading facility and provide custody services specifically for residents of the UAE. The M2 platform is expected to launch in the UAE later this year, pending regulatory approval.

2. FxPro Announces Office Relocation to Dubai, Aiming for Expansion in the Middle East and North Africa

FxPro opened a new office in Bay Square, Dubai, in June this year, offering forex and contract for difference (CFD) products to its retail and professional clients in the UAE, and expanding its business reach to include other Gulf Cooperation Council (GCC) countries such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, as well as North Africa. Prior to this, the company hired senior expert Alhmed Helmy as Senior Business Development Manager to support its business expansion in Dubai.

3. Two Former M4Markets Marketing Executives Join Doo Prime

Marilena Iakovou, former Chief Marketing Officer, and Mariliza Karrera, former Marketing Manager at M4Markets, have announced their move to Doo Prime. According to their LinkedIn profiles, Marilena and Mariliza joined Doo Prime last month, serving as Chief Marketing Officer and Marketing Manager, respectively.

Marilena has over 15 years of experience in marketing. Besides serving as the Chief Marketing Officer at M4Markets for three years, she previously worked at online broker Tickmill for more than three years. Before that, Marilena led marketing efforts at renowned companies such as Orbex, IronFX Global, and Zeggetron S.A.

Mariliza worked in the marketing department at Tickmill for nearly three years before joining M4Markets. She also handled content writing and publicity at PrimeXM, Career Addict, and DeltaQuest Group, among others.

The Doo Group has been actively recruiting and expanding its team recently. Anca Ioana Ionescu, a senior HR professional, joined the company from the multi-regulated broker Axi this month, taking on the role of Director of Human Resources for Europe. Last month, Vong Phansavang Andreou, a former Business Development Manager at M4Markets, joined the group as a Business Development/Sales Manager.