PANews reported on May 7 that according to Bloomberg, QCP Capital, a digital asset options trading platform, has obtained preliminary approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market, becoming the latest crypto company to expand its business in the Middle East. QCP Capital is a seven-year-old Singaporean company that had a crypto derivatives trading volume of nearly $60 billion last year. The company plans to move some of its more than 70 employees to Abu Dhabi after obtaining full permission. In addition, QCP recently announced a partnership with Abu Dhabi's Further Ventures to develop new digital asset products.
