eToro (NASDAQ: ETOR) has rolled out cryptocurrency deposits within the United Arab Emirates (UAE), becoming a member of a number of platforms within the area to permit customers to maneuver digital belongings from exterior wallets and exchanges. Moreover, native merchants can profit from the identical inventory cashback program that the corporate launched within the UK and Europe a number of weeks in the past.
Customers within the UAE can now switch 9 cryptocurrencies together with Bitcoin, Ethereum, XRP, USDC, Chainlink, Aave, Uniswap, Polygon, and Fetch.ai to the eToro crypto pockets, then convert their holdings to USD for buying and selling throughout the platform.
To advertise the brand new options, the corporate will return 1% of UAE-listed shares on conversion as much as $1,000 per 30 days till March 31, 2026.
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Doron Rosenblum, eToro Vice President of Enterprise Options, Supply: LinkedIn
“Many younger customers have began investing by means of cryptocurrencies and at the moment are in search of easy and seamless methods to diversify into different asset courses,” stated Doron Rosenblum, government vice chairman of enterprise options at eToro.
Customers should opt-in to this system and select from a month-to-month checklist of shares traded on the Abu Dhabi Inventory Trade or Dubai Monetary Market.
Digital belongings generate 9 out of 10 revenues
The UAE launch expands on eToro’s broader efforts to funnel crypto income into conventional markets, with digital asset buying and selling accounting for almost all of the corporate’s income. Of the platform’s $2.09 billion in second-quarter income, cryptocurrencies accounted for $1.91 billion, or 91% of the whole. Shares and commodities introduced in simply $114 million in revenue throughout the identical interval.
Cryptocurrency transactions in July and August elevated 49% year-on-year to 10.7 million transactions, with the common transaction dimension almost doubling to $345. Conventional capital markets exercise grew 3%, with inventory and commodity trades reaching 87.7 million, with the common dimension rising 4% to $273.
This focus stays steady till 2025. Cryptocurrencies accounted for 93 p.c of eToro’s $3.76 billion in income within the first quarter, however declined barely to 91 p.c within the third quarter. Property underneath administration in August reached $19.7 billion, a rise of 77% from a yr in the past, and reserve accounts rose 15% to $3.69 million.
Advantages program debuts after rollout in Europe
eToro launched its first inventory cashback mannequin within the UK and Europe on November sixth, giving customers 1% again in UK or European shares after they deposit cryptocurrencies and change them for kilos or euros. The promotion runs till the identical March deadline and has a month-to-month cap of £1,000 for UK customers and €1,000 for European customers.
George Nadav, Managing Director, MENA eToro
The corporate has expanded the vary of cryptocurrencies coated in each markets past Bitcoin and Ethereum, including the identical seven tokens at the moment out there within the UAE. George Nadaf, managing director of eToro MENA, stated greater than 90% of UAE-based buyers expressed confidence within the long-term efficiency of native corporations.
“It will give UAE buyers extra methods to attach their crypto investments to alternatives within the native market,” he added.
eToro entered the UAE market in November 2023 after receiving approval from the Monetary Providers Regulatory Authority of Abu Dhabi International Market to function as a securities, derivatives and crypto asset dealer. The platform added over 30 shares from Abu Dhabi Securities Trade in February 2025, accounting for 88 per cent of the change’s market capitalization.
Deposits are constructed on fee partnerships
The cryptocurrency deposit function follows eToro’s partnership with Lean Applied sciences in September to allow instantaneous AED financial institution transfers within the UAE. With this integration, customers can now hyperlink their eToro account to their native financial institution and full deposits in seconds with out leaving the app.
In early November, eToro launched a $5 month-to-month Membership subscription, providing 4% cashback, AI analyst instruments, and better yields on crypto staking. As a part of its regional enlargement, the corporate has added native foreign money deposit choices throughout European markets and built-in UAE PASS to streamline onboarding.
Customers should convert their deposit inside the promotional interval and choose shares from eToro’s month-to-month checklist to obtain the 1% reward. This reward is added on to your buying and selling portfolio.
