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Robinhood applies for a financial license in Dubai, targeting the Middle East and North Africa market.
[Coin World] Robinhood has submitted a license application to the Dubai Financial Services Authority (DFSA) and plans to conduct forex and other trading services in the UAE. The company has appointed executive Mario Camara, who has extensive experience in financial service licensing and operations, to oversee its Dubai operations. Once it obtains the DFSA license, Robinhood will not only be able to serve users in the UAE but also use Dubai as a base to expand into the broader Middle East and North Africa market. Currently, Robinhood operates only in the United States, the United Kingdom, and some European markets, and has not yet established a presence in the Middle East and North Africa region.