The post QCP Gets Preliminary Approval In Abu Dhabi appeared first on Coinpedia Fintech News
QCP Capital, a prominent crypto options player has expanded to UAE with its initial regulatory approval in Abu Dhabi. QCP is the first Singapore-based digital-asset market maker and broker-dealer to receive this approval, while complete approval is yet to be given. UAE has been making efforts to attract exchanges, while Binance and OKX have already taken action. QCP’s CEO, Melvin Deng praised Abu Dhabi’s progressive regulations over digital assets and emphasized the capabilities of the region, desirous of establishing a new marketplace. Recently, QCP had also announced a partnership with Abu Dhabi’s Further Ventures, a venture capital firm to initiate in digital asset products.