XM has obtained a license from the Capital Markets Authority in Kenya. The company said the approval supports its expansion in Africaand allows it to operate under local regulation.Earlier, XM expanded in the Middle East witha Category 5 licence from the Securities and Commodities Authority in theUnited Arab Emirates. That licence permits promotion of products and clientreferrals but does not allow holding client funds or executing trades, whichrequire a Category 1 licence. XM also operates under the Dubai Financial ServicesAuthority and holds licences in Cyprus, Belize, Seychelles, Mauritius, andSouth Africa.XM Expands Services Under Kenyan RegulationThe CMA licence allows XM to provide trading services toKenyan clients under regulator oversight. The company said it reflects itsintention to operate within established regulatory standards and align withKenya’s financial framework.Menelaos Menelaou, co-Chief Executive Officer of XM, said,“Kenya represents a dynamic and rapidly growing financial market,” and that theCMA approval is “a testament to our commitment to regulatory excellence andmarket leadership.” He added that the company will provide services “under arobust, locally recognized regulatory framework.”XM Secures CMA License, Strengthening Its Regulatory Footprint in Kenya #crypto #trading #forexhttps://t.co/sbTOXEqNwq— Today news (@newstarebhtoday) February 24, 2026Local Website Launches, Expands Trading OfferingsXM said the license enables expansion of its local presenceand access to more than 1,400 financial instruments. Kenyan clients can accesstrading products, educational materials, and customer support under CMAsupervision.The broker launched a dedicated Kenyan website, xm.ke,allowing clients to onboard and access trading services. XM said its offeringwill include fast execution, leverage options, promotional bonuses, and a rangeof trading tools, subject to local regulations.XM serves more than 15 million clients globally. The companydid not disclose financial details of the Kenyan licence or plans for furtherregional expansion.This article was written by Tareq Sikder at www.financemagnates.com.