QCP Capital, a leading Singapore-based crypto options trading firm, has gained initial approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority to set up operations in Abu Dhabi, marking a significant step for crypto expansion in the Middle East. This approval distinguishes QCP as the first Singapore-based digital asset market maker to break ground in Abu Dhabi, leveraging the region’s advanced regulatory framework for digital assets. The firm’s strategic move, including a partnership with Abu Dhabi-based Further Ventures to develop new digital asset products and plans to relocate employees upon full license acquisition, signifies its commitment to innovation and expansion in the Middle East. With nearly $60 billion in crypto derivatives trading volume last year, QCP’s entry into Abu Dhabi underscores the region’s growing influence as a hub for digital asset companies, promising enhanced global connectivity for the cryptocurrency market.
