Asset buying and selling app Plus500 is increasing to Latin America following regulatory approval for a consultant workplace in Colombia.
The London-listed fintech introduced on Tuesday that it had obtained authorisation from the Colombian Monetary Superintendence.
This represents the agency’s first Latin American enlargement, because the London-headquartered enterprise goals to determine its world footprint.
“We’re delighted to have obtained authorisation to enter the Colombian market,” stated David Zruia, chief govt officer of Plus500.
“That is one other vital milestone reflecting our dedication to rising the Group’s presence in new markets worldwide, whereas guaranteeing that we proceed to function in full compliance with native regulatory frameworks. This authorisation represents an vital step in establishing our place in Latin America.
“Plus500 stays centered on delivering long-term, sustainable development by increasing into new territories, enhancing its technology-led buying and selling platforms, growing modern new services and products for purchasers and sustaining the very best regulatory requirements.”
The corporate plans to develop a tailor-made, localised service for the Colombian market.
Plus500 is a multi-asset buying and selling group providing CFDs, shares and futures investments. The group holds working licences within the UK, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, Seychelles, the United Arab Emirates, america, Estonia, and Japan.
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