Quedex, a crypto-centric futures and options exchange, has been granted a distributed ledger technology (DLT) provider licence for the trading of cryptocurrency derivatives and for custody of cryptocurrencies by the Gibraltar Financial Services Commission (GFSC).
Quedex offers its users the opportunity to trade in futures and options contracts on crypto assets on a fully-fledged, transparent and secure financial platform.
The licence means that there is now a way to hedge against cryptocurrency volatility in a regulated environment: an important step in mainstreaming crypto and making it more attractive to professional, corporate and institutional investors.
Wiktor Gromniak, CEO and co-founder of Quedex 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. 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. We are very proud.”
Gibraltar’s minister for commerce, Albert Isola, commented: “From early on in the process Quedex has shown admirable commitment to Gibraltar’s principles-based approach to regulation and I am pleased that they will join the growing group of licensed firms operating from Gibraltar in this evolving space. They form part of a strong line up of DLT licensed companies who will help further develop crypto into a maturing and sustainable industry and demonstrate that Gibraltar is leading the way in this industry.”
