Sarwa has launched cryptocurrency trading through its app. Study shows 33% of U.A.E. residents claim to have invested in cryptocurrencies.
04 June 2022, 12:00 AM
30 June 2022, 12:00 AM
Sarwa, the leading personal finance and investing platform, has launched cryptocurrency trading through its app.
This move makes it easier than ever to centralize all different investments a client looks for in one app, from hands-off long-term investing to self-directed trading. Sarwa's offering comes as a response to its community's need and market insights with many retail investors looking to diversify their portfolio to include cryptocurrencies. A recent study showed that 33% of U.A.E. residents claim to have invested in cryptocurrencies and that they plan to allocate 25 per cent of their investable assets into this asset class
Retail investors have been using the platform's trading product, Sarwa Trade, to buy and sell U.S.-listed stocks and exchange-traded funds.
Now, Sarwa Crypto will offer them a commission-free trading experience of Bitcoin, Ether, Litecoin, and Bitcoin Cash with zero transfer cost for AED local accounts, and tight spread.
Mark Chahwan, co-founder and CEO of Sarwa said, “Having access to investing in a simple, regulated and low-cost environment should be a priority and available for all in the region. There is a significant amount of interest around cryptocurrency in the GCC, even with the recent market development. Yet you didn’t have a platform that offered a centralized view of stocks, ETFs, and crypto in one safe, innovative and easy-to-use app. You do now.”