BtcDana has secured aCategory 5 licence from the UAE Capital Market Authority, allowing its localentity to conduct introduction and promotion activities.London's trading industry is coming home!BtcDana joins severalinternational brokers that have obtained similar licences in the UAE. Vantageand BlueberryMarkets received Category 5 approvals in July this year, followed by BitDeltalater that month. Moneta Markets securedthe same licence in August.BtcDana Gets UAE Approval for ClientIntroductionsThe licence fallsunder the CMA's Arrangement and Advice category. It allows BtcDana's UAE entityto promote financial services and introduce prospective clients to affiliatedtrading firms, but not to provide brokerage services or execute trades directly.The affiliated entities operate under their respective regulatory frameworks.Peter Chow, Founder ofBtcDana, said the licence provides the company with "a clearly definedframework for conducting Introduction and Promotion activities in the localmarket."Founded in 2019,BtcDana says it serves more than 1.5 million active traders. Its platformoffers more than 300 Contracts for Difference across forex, metals, indices andcommodities, alongside mobile and desktop trading services.The authorisationapplies specifically to BtcDana's UAE entity and does not extend to itsaffiliated trading firms.UAE CMA Reports 43%Licensing GrowthThe CMA reported a 43%year-on-year increase in licensed companies in October. Its public registerlisted 28 firms authorised for over-the-counter derivatives and spot forextrading, up from 11 at the end of 2024. The regulator also reported AED 1.2billion in client refunds during the first nine months of 2026, compared withAED 8 million a year earlier. The figures were part of its first nine-monthupdate since replacing the Securities and Commodities Authority on 1 January2026.This article was written by Tareq Sikder at www.financemagnates.com.