Retail CFD and FX broker Scope Markets has introduced new non-dollar bullion trading pairs, expanding its offerings in a strategic push to strengthen its presence in the Asian market. This initiative is a key component of the company’s 2025 growth strategy.
The newly launched gold trading pairs include five major currencies: the Chinese Yuan (CNY), Japanese Yen (JPY), British Pound (GBP), Australian Dollar (AUD), and Euro (EUR). Additionally, Scope Markets has expanded its silver trading options to include the Australian Dollar, Euro, and Japanese Yen. These additions follow the company’s recent launch of Asian equity index products, further cementing its focus on the region.
Pavel Spirin, CEO of Scope Markets, emphasized the importance of broadening access to financial markets, stating, “We firmly believe in broadening access to financial markets for as many customers as possible. With the Asian market seen as a key area of focus for us in 2025, these latest instrument additions will act as invaluable tools for connecting with this audience.”
The new product suite marks a shift from traditional USD-denominated precious metals trading, reflecting increasing demand for localized hedging tools across Asia. Scope Markets believes the expansion will appeal to traders seeking more flexibility in currency options. These products will be formally introduced at the Hong Kong Traders Fair on December 14th.
In a related development, Scope Markets recently appointed Siri Porncharoenrit as Country Manager for Thailand, a key market in the region. Porncharoenrit brings over three years of experience as the Country Manager for Thailand at Hantec Markets, further bolstering Scope Markets’ leadership team in Asia.
Spirin added, “We know that bullion contracts are frequently used by the trading community to act as a hedging tool, so being able to do so using a wider range of base currencies will be a key selling point.”
This expansion follows Scope Markets’ October launch of two new equity indices – AD15 and DXBI – which offer global investors exposure to the UAE stock markets. The AD15 index tracks Abu Dhabi, while the DXBI index covers Dubai. These indices provide traders with simplified access to two of the UAE’s fastest-growing markets.
The UAE equity markets have experienced significant growth in 2024, outpacing many global counterparts. Between June and August, the Abu Dhabi benchmark index surged by 10%, while the Dubai index rose by 15%.
Scope Markets’ ongoing expansion into Asian markets and its new product offerings signal the company’s commitment to meeting the evolving demands of global traders.
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