• QCP Capital received initial regulatory approval to operate in Abu Dhabi.
• The Singaporean firm reported $60 billion in 2023 crypto derivatives volume.
• UAE’s crypto-friendly policies continue as Binance secures VASP license in Dubai.

QCP Capital, a leading global crypto options trading platform, has received initial regulatory approval to set up operations in Abu Dhabi. This development marks a substantial step for the Singapore-based firm, which becomes the first of its kind to gain such approval in the region.

The Financial Services Regulatory Authority of Abu Dhabi Global Markets (ADGM) granted in-principle approval for QCP Capital to engage in regulated digital asset activities, per a statement released on May 7. 

QCP Capital reported a staggering $60 billion in crypto derivatives trading volume in 2023. The firm’s expansion into Abu Dhabi is expected to solidify its crypto derivatives market position further. The firm boasts nearly 70 employees, some of whom are expected to transition to the new Abu Dhabi office after finalizing full regulatory approval.

Melvin Deng, the CEO of QCP, expressed…

The post Abu Dhabi Welcomes First Singaporean Crypto Firm with Initial Approval appeared first on Coin Edition.

• QCP Capital received initial regulatory approval to operate in Abu Dhabi.
• The Singaporean firm reported $60 billion in 2023 crypto derivatives volume.
• UAE’s crypto-friendly policies continue as Binance secures VASP license in Dubai.

QCP Capital, a leading global crypto options trading platform, has received initial regulatory approval to set up operations in Abu Dhabi. This development marks a substantial step for the Singapore-based firm, which becomes the first of its kind to gain such approval in the region.

The Financial Services Regulatory Authority of Abu Dhabi Global Markets (ADGM) granted in-principle approval for QCP Capital to engage in regulated digital asset activities, per a statement released on May 7. 

QCP Capital reported a staggering $60 billion in crypto derivatives trading volume in 2023. The firm’s expansion into Abu Dhabi is expected to solidify its crypto derivatives market position further. The firm boasts nearly 70 employees, some of whom are expected to transition to the new Abu Dhabi office after finalizing full regulatory approval.

Melvin Deng, the CEO of QCP, expressed…

The post Abu Dhabi Welcomes First Singaporean Crypto Firm with Initial Approval appeared first on Coin Edition.