The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region.
QCP Capital, one of the world’s leading cryptocurrency options trading platforms, received initial regulatory approval to operate in Abu Dhabi becoming the latest prominent crypto firm to expand in the region.
The digital asset options trading desk received in-principle approval for regulated digital asset activities from the Financial Services Regulatory Authority of Abu Dhabi Global Markets (ADGM), according to a May 7 statement seen by Bloomberg.
This makes QCP Capital the first Singapore-based crypto market maker and broker to receive preliminary approval in the region, according to an ADGM spokesperson.
