THELOGICALINDIAN - The licensing of Quedex agency barrier funds miners and institutions now accept addition cryptoinvestment option
Crypto-futures Grow in Popularity
On Wednesday Quedex, a crypto futures and options barter appear that it had acquired a authorization from the Gibraltar Financial Casework Commission (GFSC) to accomplish as a crypto derivatives exchange. Quedex will action agenda asset careful casework in the arena and co-founder Wiktor Gromniak said:
The licensing action took 15 months and the barter had to accommodated 9 authoritative attempt afore accepting the license. Gromniak declared the accomplishment with pride and said, “Being accountant by a actual able-bodied admired and forward-thinking administration like Gibraltar is a battleground moment for this industry in accepted and Quedex specifically.”
Quedex aims to serve a advanced arrangement of investors, including barrier funds, institutions, and miners.
Crypto-Businesses Make Gibraltar Home
To date, Gibraltar is one of the aboriginal places to adapt the crypto-industry and it has become a hub for crypto-related businesses. Gibraltar’s abbot of commerce, Albert Isola, explained:
Isola said Quedex is now allotment of a “strong band up” of accountant blockchain companies that will “further advance crypto into a crumbling and acceptable industry.”
Yesterday, in what appears to be a bit of abortive reporting, LedgerX additionally appear that it had launched physically-settled Bitcoin futures affairs afterwards accepting a appointed arrangement bazaar (DCM) authorization aftermost month.
In June, CEX.IO barter additionally accustomed its authorization from the GFSC and now is able to accomplish as a accountant barter in Gibraltar. Crypto-based ETFs, futures, and derivatives articles are growing in popularity and analysts accept there is able institutional appeal for such products.
Do you anticipate crypto-derivatives products are the new frontier for cryptocurrency? Share your thoughts in the comments below!
Image via Shutterstock
