Crypto options platform QCP receives preliminary approval to operate in Abu Dhabi

QCP Capital, a digital asset options trading platform, has received preliminary approval to operate in Abu Dhabi, becoming the latest cryptocurrency company to expand in the Middle East. According to a statement on Tuesday, the seven-year-old company has received principle approval to conduct regulated activities from the Abu Dhabi Global Market Financial Services Regulatory Authority. An ADGM spokesperson said the company is the first Singaporean digital asset market maker and broker-dealer to receive preliminary approval.