QCP Capital Gains Approval for Expansion in Abu Dhabi: Boosts Crypto Presence with Coin Symbol in Middle East
- QCP Capital, a leading digital assets options trading desk, has received preliminary approval to operate in Abu Dhabi, marking its expansion into the Middle East.
- The Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted in-principle approval to the Singapore-based company, making it the first digital-asset market maker and broker dealer from Singapore to receive such recognition in the region.
- QCP Capital plans to relocate a portion of its 70-plus employees to Abu Dhabi once it obtains a full license.
QCP Capital, a leading digital assets options trading desk, is set to expand its operations into the Middle East following preliminary approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM).
QCP Capital Recorded $60B in Crypto Derivatives in 2023
QCP Capital generated nearly $60 billion in crypto derivatives trading volume last year. The company’s CEO, Melvin Deng, expressed enthusiasm about the forward-thinking regulators in Abu Dhabi, highlighting their friendly approach to digital assets and their integration with traditional finance. In an interview with Bloomberg, Deng explained that Abu Dhabi’s strategic geographical location played a significant role in QCP’s decision to expand into the region, considering the global nature of the cryptocurrency industry.
