World multi-asset dealer Exness has lately obtained its licence from the Capital Markets Authority of Kenya (CMA). The corporate is now authorised to function as a non-dealing on-line dealer within the African nation.
The brand new licence will permit Exness to supply buying and selling merchandise to its Kenya-based purchasers beneath a safe regulatory setting. It is going to strengthen the dealer’s presence in Sub-Saharan Africa.
Recognized for its better-than-market buying and selling circumstances, Exness has been experiencing steady progress since its inception in 2008. In March 2022, the corporate reported a record-breaking buying and selling quantity of over $2 trillion, marking an trade first.
Sub-Saharan Africa is a big a part of Exness’ strategic growth plans. With a licence from the Monetary Sector Conduct Authority of South Africa beneath its belt since 2021, Exness’ profitable acquisition of its Kenyan licence represents its dedication to the SSA area. It performs a significant position in increasing Exness’ African and world footprint.
‘The CMA licence is a crucial step for Exness to develop an much more highly effective presence in Africa,’ mentioned Paul Margarites, Exness Regional Industrial Director for Sub-Saharan Africa.
‘Due to our FSCA licence, we bought off to begin in establishing our fame within the continent in 2021. We sit up for offering our services to extra merchants throughout Africa through our new licence.’
Based in 2008, Exness Group is a multi-asset dealer famend for its variety of buying and selling merchandise and customer-centric method. At Exness, merchants can interact with a variety of monetary devices, together with shares, indices, cryptocurrencies, foreign exchange, treasured metals and commodities.
Exness’ licences contribute to its reliability and fame. Other than its Kenyan and South African licences, the group holds licences from a number of different monetary regulatory authorities. Examples embrace the Monetary Conduct Authority (FCA) of the UK, the Cyprus Securities and Change Fee (CySEC) and the Seychelles Monetary Companies Authority (FSA).