QCP Group Expands into the Middle East via Abu Dhabi License

QCP Group, a prominent digital asset trading platform based in Singapore, is expanding its global presence by acquiring a full license from Abu Dhabi’s Financial Services Regulatory Authority. This move reflects QCP’s goal of growing internationally and shows its commitment to the fast-changing cryptocurrency market.

Middle East Expansion

According to an official announcement earlier today, QCP Group is broadening its reach to the Middle East. The firm has obtained a full license from Abu Dhabi’s Financial Services Regulatory Authority.

With this Abu Dhabi Global Market license, the company can offer various services, including spot and derivatives trading, market making, and structured solutions for institutional and professional clients. This new approval complements QCP's existing Major Payment Institution license from the Monetary Authority of Singapore, further strengthening its compliance.

“We are excited to welcome QCP Group to ADGM’s vibrant international financial center,” said ADGM Chief Market Development Officer Arvind Ramamurthy, expressing enthusiasm for the firm’s entry into the UAE crypto market. He added,

“QCP’s commitment to regulatory compliance and innovative digital asset solutions fits perfectly with ADGM’s goal of building a trusted and dynamic---environment. As we continue to attract top financial institutions---dedicated to improving global connectivity and promoting top-notch financial solutions that support sustainable economic growth in the region.”

UAE's Digital Asset Hub

The United Arab Emirates has become a haven for cryptocurrency millionaires, thanks to its mix of tax-free living, clear regulations, advanced infrastructure, and progressive government initiatives. From Dubai's status as a global hub to Abu Dhabi's economic center and emerging areas like Ras Al Khaimah and Sharjah, the UAE offers an unbeatable environment for digital asset leaders to succeed.

Wealthy crypto investors are flocking to Dubai and Abu Dhabi in increasing numbers. As a regulatory pioneer, the Dubai IFC introduced a virtual asset framework in 2018, providing clear guidelines for licensing, custody, and more. This proactive approach has attracted institutional firms, with the capital city focusing on high-end crypto activities.

Acknowledging the UAE capital as a crypto hub, Founder Darius Sit said, “Receiving our full license in ADGM is a significant moment---and a key part of our global strategy.” He added, “The Middle East is crucial for the future of digital assets, and ADGM offers a world-class legal and regulatory framework that lets us serve our clients confidently.”