What happened?
Singaporean digital assets trading firm, QCP Group, has been granted a full license by Abu Dhabi’s Financial Services Regulatory Authority. This allows the company to extend its operations into one of the most ambitious global crypto hubs. The license enables QCP to offer spot and derivatives trading, market making, and structured solutions to institutional and professional clients.
Who does this affect?
This impacts QCP Group, as it can now further expand its services and client base, especially within the Middle East, considered by the company’s founder as a key area for digital assets. Notably, QCP joins a growing list of businesses tapping into Abu Dhabi as an operational base for crypto activities. Also, institutional and professional clients who seek these services will now have another credible provider to consider.
Why does this matter?
This is significant as it highlights Abu Dhabi’s position as a major hub for crypto firms, fuelled by clear regulations, tax advantages, and geographic reach. It also emphasizes the growing global oversight into digital assets, and the importance of regulatory compliance in this industry. QCP’s dual licensing in Singapore and Abu Dhabi may inspire more firms to secure their operations across multiple established financial hubs, potentially changing the dynamics of the market.