It is essential for the new investors to avoid falling into false marketing traps which took place in the past. The new investors seem to respond more to untrusted parties in the industry that promise incredible returns. The most common mistakes are trading on this asset class with no proper knowledge of how they perform and riding some waves which could turn in to a tsunami.
Some eye-catching affiliation programs which were advertised as success stories to new investors in the region, but resulted in having no credibility, would have been avoided with some research on the service providers.
Some meme-inspired coins, with no utility value, have given hopes of riches to investors; yet they turn into disappointment and cause misconception of the entire virtual asset market.
ABX always encourages its users and new investors to conduct due diligence on the Virtual Asset Service Providers (VASPs) and the Virtual Assets (VAs) they are investing in.
(Note: The above thought piece covers the wider VA industry, and may not be an activity that Arabian Bourse Limited (ABX) is looking to be licensed to undertake.
ABX has received in-principle approval from Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) and is currently in the process of obtaining an FSP. ABX aims to be the first of its kind fully regulated, virtual asset MTF and custodian in the region focused on institutional and retail investors.)