X Open Hub, a leading provider of multi-asset liquidity and technology solutions, is expanding its global reach after securing an official PALN licence to operate in the Indonesian market, marking an exciting new chapter for the company.

In another exciting development, the firm, which is the institutional arm of global fintech company XTB, has also secured accreditation from the UAE Securities and Commodities Authority (SCA), allowing it to break new ground and enhance its service offerings in the Middle East.

These milestones highlight X Open Hub’s commitment to growth and expansion, making its world-class liquidity and trading technology accessible to a broader clientele. This means that more banks, brokers, and startups than ever before can now benefit from its wide range of solutions.

Commenting on the announcement, X Open Hub CEO Michał Copiuk expressed his pride at securing the highly sought-after licence and accreditation.

"We’re so pleased to have secured this new licence, which enables us to bring our offerings to a wider audience. Indonesia’s financial sector is expanding rapidly, with growing demand for reliable liquidity solutions to support both institutional and retail trading,” he said.

“Our team has worked incredibly hard behind the scenes in preparation for our entry into this promising market. As an industry leader, we stand ready to meet the needs of prospective clients across the country in what promises to be an extremely positive year for us.

“Add into the mix our SCA accreditation in the UAE, and we’re seeing a real multi-region growth trajectory for the company as we move ahead in 2025 and into the coming years. There is so much yet to come, so stay tuned for more updates.”

Growing presence in Indonesia

X Open Hub’s expansion into Indonesia represents a significant step forward in the company’s global growth strategy, facilitated by its parent company, XTB. The PALN license, issued by Bappebti, Indonesia’s regulatory body, allows X Open Hub to provide regulatedmulti-asset liquidity services, including stocks and ETFs, to Indonesian investors.
Securing this licence gives X Open Hub’s clients the confidence that its services fully align with Indonesia’s strict financial rules and regulatory framework. As the country’s investment sector continues to develop at pace, the company is in a prime position to support the growing demand for institutional-grade liquidity solutions.

In terms of a timescale, operations in Indonesia are expected to commence during the first half of 2025, with X Open Hub building on XTB’s existing infrastructure and expertise in the region, further cementing its position as a regulated multi-asset liquidity provider with a truly dedicated global focus.

Entering the UAE market

Alongside its Indonesian expansion, X Open Hub has taken steps to strengthen its presence in the Middle East by acquiring accreditation from the UAE regulator SCA. This new approval enables the company to operate beyond Dubai's special economic zone, where it has been active under a Dubai Financial Services Authority (DFSA) licence since 2021.

X Open Hub is now able to extend its reach across the broader UAE market, enhancing its service offerings for institutional clients in the region by offering its full range of trading technology and liquidity solutions.

The UAE accreditation builds on a strong start to the year for X Open Hub, which began with the company being recognised at the UF AWARDS MEA 2025. In the B2B sub-category for CFD liquidity providers, the company was named ‘Best CFD Liquidity Provider - MEA’ in a special ceremony which took place during the renowned iFX EXPO Dubai 2025.

To find out more about the wide array of premium services offered by X Open Hub, visit the followinglink.

About X Open Hub

X Open Hub is a leading CFD liquidity provider, offering over 5,000 instruments. This includes more than 2,500 stocks and ETFs on 16 major exchanges worldwide, over 60 currency pairs, more than 50 cryptocurrencies across 9 exchanges, over 30 indices, and the most popular commodities. The company has 100+ partnerships in more than 25 countries. It also holds licences in multiple jurisdictions, including the FCA, CySEC, KNF, IFSC, DFSA, SCA[1] [AW2] , FSA, and Bappepti enabling it to provide compliant broker solutions with risk sharing. X Open Hub is dedicated to delivering tailor-made solutions that support clients in achieving their business ambitions.

Source: Finance Magnates