QCP Enhances Its Institutional Crypto Trading Footprint in Key Locations

QCP strengthens institutional crypto trading presence across key hubs - 1

Summary:
QCP Group, a prominent trading entity in the digital asset space based in Singapore, has significantly expanded its operations. By increasing its workforce and opening new offices globally, the firm is poised to provide enhanced services to institutional clients with regulated trading options.

Key Takeaways:

QCP has grown its workforce by 50%, reaching 157 employees.
The firm has opened offices in New York, Abu Dhabi, Kuala Lumpur, and Ho Chi Minh City.
QCP has obtained regulatory licenses in Singapore and Abu Dhabi, enabling it to offer 24/7 trading.
The company's services cater to prestigious institutional clients, including Nasdaq and BlackRock-backed firms.
Their strategy focuses on combining regulated access with advanced trading infrastructure.

QCP Expands Its Global Presence

According to an announcement from QCP Group, a leading digital asset trading firm based in Singapore, the company has increased its workforce by 50% over the past year, now employing 157 staff members worldwide. This growth is complemented by the opening of new offices in five major cities, including New York, Abu Dhabi, Kuala Lumpur, and Ho Chi Minh City. Additionally, QCP has expanded its Singapore headquarters to accommodate more operations at the Prudential Tower.

Currently, QCP employs 119 individuals in Singapore, with the remaining staff distributed across its global locations.

Strengthened Position Through Regulatory Approvals

This expansion follows the acquisition of regulatory licenses in two key jurisdictions: a Major Payment Institution license granted by the Monetary Authority of Singapore and a Financial Services Permission from Abu Dhabi Global Market (ADGM). These licenses allow QCP to offer regulated services, including spot trading, derivatives, and structured products to institutional clients around the clock.

“Institutions desire a partner that possesses deep market expertise alongside full-spectrum execution and regulatory compliance in significant hubs,” stated Darius Sit, the founder of QCP, in the announcement. “With our licensed operations in both Singapore and Abu Dhabi, as well as physical presence in New York and London, we are positioned to meet our clients where they operate.”

Catering to Esteemed Institutional Clients

QCP serves a variety of institutional clients, including Nasdaq and firms backed by BlackRock, such as the tokenization platform Securitize. The company provides essential services such as liquidity access, risk management, and yield strategies tailored for global funds, corporations, and family offices.

CEO Melvin Deng highlighted the company's strategy, which blends regulated market access with robust trading infrastructure. This approach enables QCP to effectively serve clients within the regulatory landscapes of Singapore and ADGM, while providing continuous coverage across various trading products including spot, options, and structured products.