FX/CFD broker Amana has expanded its cryptocurrency choice to more than 450 digital assets, according to the company’s announcement today (Monday). The company said it represents the largest cryptocurrency portfolio of brokers operating in the Middle East and North Africa regions.
The expansion adds over 300 new cryptocurrencies to Amana’s existing platform, providing access to Forex, indexes, physical inventory and automated investment plans. The company aims to provide users with a consolidated trading experience that combines both traditional markets and digital assets.
“Over 450 coins and a seamless all-in-one platform make it easier for our customers to trade digital assets in one place alongside stocks, forex and products,” Amana CEO Muhammadrathor said in the announcement. “Cryptocurrency trading hasn’t been this easy.”
The expanded selection includes major cryptocurrencies such as Bitcoin and Ethereum, as well as special tokens such as game-related coins like Inekoin, meme cryptocurrencies such as Trump Coin, and various blockchain protocol tokens.
According to Amana, the strategy corresponds to market segments where the platform typically focuses solely on either traditional financial products or cryptocurrencies.
The broker run by Amana Capital maintains offices in Dubai, London, Limassol and Beirut, serving clients across the MENA region with both leveraged and leveraged trading options. The company has reported that more than 320,000 users have been added since it began filing in September 2022.
Brokers increase crypto products
Amana’s recent addition of over 300 cryptocurrencies is a relatively rare move in the securities industry, but several other companies have similarly expanded their cryptocurrency offerings over the past year.
In November, Germany-based online broker Flatexdegiro announced plans to include cryptocurrency in its product portfolio to compete with Revolut in the European market. Around the same time, Robinhood expanded its cryptocurrency offering, adding several major cryptocurrencies, increasing its total to 20.
XTB plans to take even more ambitious steps by introducing spot cryptocurrency trading alongside existing CFD products. Financial capital letters.
Executive Modification
Amana, a Middle East Securities Company, last year, appointed Jack Sacie as Lebanon’s management director to strengthen the region’s presence. What was said brings his position to over 10 years of experience in the financial market sector. Previously, he was Director of Advanced Markets, focusing on training sales teams and building client relationships.
The company said Saidy’s extensive knowledge of Lebanon and the Middle East and North Africa (MENA) markets will help accelerate Amana’s growth in the region. Amana offers trading opportunities across more than 5,500 assets, including physical and utilised stocks from the US and MENA regions, as well as goods and currencies.
Meanwhile, Amana has also appointed Harris Lukedes as the new Chief Financial Officer. Loucades will replace Mazen Yazbeck. He passed away unexpectedly after serving as CFO for over 11 years. Yazbeck also oversaw the company’s human resources department.
He joined Amana in 2012 after working for over a decade with the Gulf Cooperation Council (GCC) investment banking and auditing company.
