QCP Capital, one of the largest options trading desks for digital assets, won initial approval to operate in Abu Dhabi, becoming the latest crypto firm to expand in the Middle East.
The seven-year-old company received in-principle approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market to conduct regulated activities, according to a statement Tuesday. The firm is the first Singapore-based digital-asset market maker and broker dealer to receive preliminary approval, according to a spokesperson of ADGM.
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Muyao Shen
https://www.bloomberg.com/news/articles/2024-05-07/top-crypto-options-desk-qcp-gets-abu-dhabi-regulatory-nod
2024-05-07 07:00:00
