X Open Hub Strengthens Market Presence with New Indonesian License Under XTB’s Global Expansion

X Open Hub, the institutional arm of XTB, a globally listed fintech company, will be able to commence operations in the Indonesian market thanks to a license obtained by XTB. As part of this expansion, XOH, a regulated multi-asset liquidity provider, will offer its liquidity services, ensuring access to a diverse range of instruments while maintaining the highest regulatory standards.

Plans to enter the Indonesian market were announced at the beginning of 2024. In December, the Indonesian branch of XTB, a subsidiary XTB Indonesia Berjangka, received a PALN license issued by the local regulator Bappebti Indonesia. This will grant Indonesian residents access to invest in stocks and ETFs offered by XTB.

“This license brings us significantly closer to launching operations in Indonesia. We have had intense months behind us, during which we have undertaken extensive organizational, regulatory, and technological efforts to enter this promising market,” said Omar Arnaout, CEO of XTB, as quoted in the press release.

It is estimated that operations in this market will be able to commence in the first half of 2025. With the institutional support of XTB, XOH will also be able to take advantage of this expansion by offering its services in this new market.

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