FX/CFD dealer Amana has expanded its cryptocurrency option to greater than 450 digital property, in line with the corporate’s announcement at present (Monday). The corporate mentioned it represents the biggest cryptocurrency portfolio of brokers working within the Center East and North Africa areas.
The enlargement provides over 300 new cryptocurrencies to Amana’s current platform, offering entry to Foreign exchange, indexes, bodily stock and automatic funding plans. The corporate goals to supply customers with a consolidated buying and selling expertise that mixes each conventional markets and digital property.
“Over 450 cash and a seamless all-in-one platform make it simpler for our clients to commerce digital property in a single place alongside shares, foreign exchange and merchandise,” Amana CEO Muhammadrathor mentioned within the announcement. “Cryptocurrency buying and selling hasn’t been this simple.”
The expanded choice contains main cryptocurrencies comparable to Bitcoin and Ethereum, in addition to particular tokens comparable to game-related cash like Inekoin, meme cryptocurrencies comparable to Trump Coin, and varied blockchain protocol tokens.
In response to Amana, the technique corresponds to market segments the place the platform usually focuses solely on both conventional monetary merchandise or cryptocurrencies.
The dealer run by Amana Capital maintains places of work in Dubai, London, Limassol and Beirut, serving shoppers throughout the MENA area with each leveraged and leveraged buying and selling choices. The corporate has reported that greater than 320,000 customers have been added because it started submitting in September 2022.
Brokers enhance crypto merchandise
Amana’s latest addition of over 300 cryptocurrencies is a comparatively uncommon transfer within the securities trade, however a number of different corporations have equally expanded their cryptocurrency choices over the previous yr.
In November, Germany-based on-line dealer Flatexdegiro introduced plans to incorporate cryptocurrency in its product portfolio to compete with Revolut within the European market. Across the identical time, Robinhood expanded its cryptocurrency providing, including a number of main cryptocurrencies, rising its whole to twenty.
XTB plans to take much more formidable steps by introducing spot cryptocurrency buying and selling alongside current CFD merchandise. Monetary capital letters.
Govt Modification
Amana, a Center East Securities Firm, final yr, appointed Jack Sacie as Lebanon’s administration director to strengthen the area’s presence. What was mentioned brings his place to over 10 years of expertise within the monetary market sector. Beforehand, he was Director of Superior Markets, specializing in coaching gross sales groups and constructing consumer relationships.
The corporate mentioned Saidy’s in depth information of Lebanon and the Center East and North Africa (MENA) markets will assist speed up Amana’s progress within the area. Amana presents buying and selling alternatives throughout greater than 5,500 property, together with bodily and utilised shares from the US and MENA areas, in addition to items and currencies.
In the meantime, Amana has additionally appointed Harris Lukedes as the brand new Chief Monetary Officer. Loucades will change Mazen Yazbeck. He handed away unexpectedly after serving as CFO for over 11 years. Yazbeck additionally oversaw the corporate’s human sources division.
He joined Amana in 2012 after working for over a decade with the Gulf Cooperation Council (GCC) funding banking and auditing firm.
