Announcement
BTC DANA FINANCIAL SERVICES L.L.C S.O.C (\"Btc Dana UAE\") has been granted a Category 5 licence by the UAE Capital Market Authority (CMA) under licence number 20200000454. The licence falls within the \"Arrangement and Advice\" category and authorises the entity to conduct introduction and promotion activities exclusively in the United Arab Emirates.
Scope of Authorisation
The licence permits Btc Dana UAE to introduce prospective clients to affiliated entities that provide trading services through the BtcDana brand, provided such introductions comply with the applicable regulatory requirements of the respective entities. The firm may not execute trades or hold client funds; it acts solely as an introducer.
Company Background
Since its launch in 2019, the BtcDana brand has grown to serve over 1.5 million active traders worldwide. The platform offers more than 300 Contracts for Difference (CFDs) covering forex, metals, indices and commodities, and is supported by mobile and desktop trading technology, market information and 24/7 customer service.
Founder’s Comment
Peter Chow, Founder of BtcDana, stated that the CMA Category 5 licence represents an important step in the company’s UAE development, providing a clearly defined regulatory framework for introduction and promotion activities while underscoring the firm’s commitment to regulatory clarity, transparent communication and operating strictly within granted permissions.
Regulatory and Legal Disclaimers
CFDs are complex instruments with high leverage and carry a high risk of rapid loss; they may not be suitable for all investors. The press release is for informational purposes only and does not constitute investment, financial, legal or tax advice, nor an offer or solicitation to buy or sell any financial product. Product and service availability may vary by jurisdiction.
Corporate Structure
Dana Global Limited, licensed and regulated by the Mauritius Financial Services Commission (FSC) under licence GB22200578, provides trading services through the BtcDana brand under its own regulatory permissions. BTC DANA FINANCIAL SERVICES L.L.C S.O.C holds the UAE Category 5 licence (20200000454) and is authorised solely for introduction and promotion activities within the UAE.