eToro Enables Crypto Deposits and Stock Rewards in UAE

Abu Dhabi, United Arab Emirates –  eToro, the global trading and investing platform, has introduced crypto deposit functionality for users in the UAE, marking a major advancement in the region’s digital asset landscape. With this launch, eToro becomes one of the few multi-asset platforms in the UAE that enables investors to transfer cryptocurrencies directly from external exchanges, brokers, and blockchain wallets into their eToro Crypto Wallet.

Alongside the new deposit capability, eToro has also rolled out a unique benefit for UAE-based users: a 1% stock-back reward in leading UAE-listed equities when they convert their deposited cryptoassets to USD. This reward will be offered in the user’s selected stock from a curated list of companies listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM).

Doron Rosenblum, EVP of Business Solutions at eToro, highlighted how the feature aligns with user behavior in the region:
“Launching crypto-to-USD conversions alongside our new eToro Wallet gives investors in the UAE greater flexibility in how they manage their digital assets. Many younger users began investing through crypto, and are now seeking seamless ways to diversify into other asset classes. As a multi-asset platform, we are ideally positioned to help them build balanced portfolios.”

Eligible users are now able to transfer a wide range of popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, USDC, Chainlink (LINK), Aave (AAVE), Uniswap (UNI), Polygon (POL), and Fetch.ai (FET). Once transferred to the eToro Crypto Wallet, these assets can be converted to USD and reinvested across the full suite of global and local instruments available on eToro’s investment platform.

The stock-back reward further strengthens the link between digital assets and traditional markets. When users convert their deposited cryptoassets into USD, they automatically receive 1% back in a chosen UAE-listed stock, which is credited directly to their portfolio, providing an added incentive to participate in the region’s equity markets.

George Naddaf, Managing Director of eToro MENA, emphasized the significance of this dual feature:
“We are proud to be one of the very few platforms in the UAE and globally to enable crypto deposits. With the addition of the stock-back reward, investors now have even more ways to connect their crypto holdings with opportunities in the local market. This comes at a time when our retail investor survey shows that over 90% of UAE-based investors remain confident in the long-term performance of local companies.”

With these updates, eToro reinforces its commitment to supporting both novice and experienced investors in the UAE, offering a seamless bridge between crypto investing and traditional financial markets.