Gibraltar DLT Regulator Finally Licenses Cryptocurrency Derivatives Exchange Quedex


After undergoing a 15-month long and rigorous process under the legal guidance of PRT Lawyers and the Gibraltar authorities, Quedex has finally been granted a license to operate.

The Gibraltar-based crypto-oriented futures and options exchange is now the first of this kind to earn the Distributed Ledger Technology (DLT) Providers license across the world.

It is worth mentioning that, for any crypto-based entity to earn an operating license from the island country’s financial regulator, a lot is taken into consideration. And Quedex couldn’t have been an exception; it had to meet all the stipulations needed.

The DLT regulatory license became a mandatory requirement for firms using Blockchain in their operations to trade in January 2018. This now means that Quedex, which deals in crypto-based futures and options contracts and serves institutional investors, is free to trade in Gibraltar.

License Guarantees Quedex Several Benefits

According to the exchange, the permit will effectively allow them to “hedge against cryptocurrency volatility” while operating in a monitored environment. It will be serving various clients, who majorly include miners, hedgers, and active traders, offering them an opportunity to operate in a secure, transparent and fully-fledged financial platform.

It isn’t a coincidence that Quedex is the first exchange dealing in cryptocurrencies to earn the DLP license. The platform is among the few new generation companies working hard to design ‘layer two’ digital asset-based financial infrastructure.

The platform’s co-founder and CEO, Wiktor Gromniak, believes in the importance of creating transparent financial markets complete with sophisticated packages like futures and options. This, according to him, is the key to welcoming more institutional investors into Quedex.

Furthermore, Gromniak sees the DLT license as being a “landmark moment” for both the exchange and the industry in general. With the permit, clients and businesses will operate more securely and transparently, especially in a largely opaque industry.

The country’s Minister for Commerce, Hon Albert Isola MP, heaped lots of praise in Quedex. He said that the exchange, right from the onset, exhibited an admirable commitment to the island nation’s

“principles-based approach to regulation.”

The minister is happy that the firm is joining a fledging team of companies licensed and fully allowed to trade within the country’s burgeoning financial space. According to him, the list of DLT licensed firms is strong enough to sustain the industry and see that it matures while exemplifying Gibraltar as a global leader.

Quedex Could Be Adding Altcoins Soon

Meanwhile, with BTCUSD live trading in place, Quedex is looking at a possibility of expanding its portfolio to cover altcoins. The exchange currently addresses all hedging and leveraged trading requirements in the highly-volatile cryptocurrency market.

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