Retail CFD and FX broker Scope Markets unveiled new non-dollar bullion trading pairs today (Monday), targeting expansion in Asian markets as part of its 2025 growth strategy.

Scope Markets Expands Asian Footprint with New Bullion Trading Pairs

The company has added gold pricing against five major currencies including Chinese Yuan and Japanese Yen, complementing its recent launch of Asian equity index products. Silver trading has also been expanded to include Australian Dollar, Euro and Japanese Yen crosses.

"We firmly believe in broadening access to financial markets for as many customers as possible," said Pavel Spirin, CEO at Scope Markets. "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 move comes just days after Scope Markets announced that Siri Porncharoenrit has been appointed as the new Country Manager for Thailand, one of its key Asian markets. She brings extensive industry experience, having previously worked for several notable brands, including serving as the Country Manager for Thailand at Hantec Markets, a role she held for over three years.

The expansion moves beyond traditional USD-denominated precious metals trading, reflecting growing demand for localized hedging instruments across Asian markets. The new products will be showcased at the upcoming Hong Kong Traders Fair on December 14th.

New gold pairs include: AUD, EUR, JPY, GBP I CNY and new silver pairs: AUD, EUR and JPY.

“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,” Spirin added.

Product Updates

This is another addition to the product lineup following Scope Markets' October launch of two new equity indices aimed at providing global investors with access to the Dubai and Abu Dhabi stock markets. These indices, named AD15 and DXBI, enable traders to capitalize on the performance of UAE markets.

According to the company, the new offering simplifies global traders' access to the regional equity indices of Dubai and Abu Dhabi. AD15, representing Abu Dhabi, and DXBI, representing Dubai, are accessible to investors through a single transaction, offering a streamlined approach to investing in two of the region's fastest-growing markets.

The UAE equity markets have shown notable growth over the summer compared to many other global markets. Between June and August 2024, the Abu Dhabi benchmark index increased by 10%, while the Dubai index outperformed with a 15% rise.