The licensing of Quedex means hedge funds, miners, and institutions now have another crypto-investment option.


The licensing of Quedex means hedge funds, miners, and institutions now have another crypto-investment option. 

CRYPTO-FUTURES GROW IN POPULARITY 
On Wednesday Quedex, a crypto futures and options exchange announced that it had obtained a license from the Gibraltar Financial Services Commission (GFSC) to operate as a crypto derivatives exchange. Quedex will offer digital asset custodial services in the region and co-founder Wiktor Gromniak said: 
"In order for the crypto industry to mature and to welcome more institutional investors into our tent it is of the essence that we create transparent financial markets and develop sophisticated financial products, such as futures and options. 
The licensing process took 15 months and the exchange had to meet 9 regulatory principles before obtaining the license. Gromniak described the achievement with pride and said, “Being licensed by a very well respected and forward-thinking jurisdiction like Gibraltar is a landmark moment for this industry in general and Quedex specifically.” 
Quedex aims to serve a wide array of investors, including hedge funds, institutions, and miners. 

By: bittomine | 2019-08-02 17:18:53 | Categories: crypto, news, blockchain