Market News

Crypto Expansion: Singapore’s QCP Group Makes Waves in Abu Dhabi

Singapore-based QCP Group has successfully acquired regulatory approval to operate in Abu Dhabi, signaling a major step in its international growth.

The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority issued the license, permitting QCP to provide spot and derivatives trading, along with market-making services.

With this development, QCP is now licensed in both Singapore and Abu Dhabi, enabling it to bridge liquidity between Asia and the Middle East while ensuring 24-hour regulated trading for its clients.

Abu Dhabi has emerged as a pivotal player in the global crypto landscape, introducing a comprehensive legal framework for digital assets as early as 2018.

The emirate's proactive approach, complete with tax-friendly policies, has lured numerous digital asset firms, enhancing its reputation as a financial hub.

QCP’s licensing journey in Abu Dhabi required navigating rigorous compliance protocols, underscoring the region's commitment to robust governance and anti-money laundering practices.

The approval not only broadens QCP's operational capabilities but also strengthens its appeal to institutional investors seeking regulated environments in the crypto market.

Arvind Ramamurthy, ADGM's Chief Market Development Officer, expressed enthusiasm for QCP's commitment to compliance, aligning with Abu Dhabi’s vision for digital asset innovation.

As global regulatory frameworks for crypto tighten, Abu Dhabi's balanced approach positions it as an attractive destination for firms aiming for responsible expansion.

For QCP, this approval represents a gateway to new clients, collaborations, and a significant role in the evolving landscape of regulated crypto trading.