Quedex, a crypto-centric futures and options exchange, announced today that it was finally granted a Distributed Ledger Technology (DLT) Providers license for the trading and custody of cryptocurrency derivatives by the Gibraltar Financial Services Commission (GFSC)
The DLT license follows a 15-month-long process in which Quedex, advised by PRT Lawyers, worked together with the Gibraltar authorities in order to meet all the conditions required.
“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.”
– Wiktor Gromniak, CEO and co-founder of Quedex
Quedex offers its users, consisting of institutional investors, miners, hedgers and active traders, the opportunity to trade in futures and options contracts on crypto assets on a fully-fledged, compliant, and secure financial platform.
- Quedex accepts bitcoin as collateral and all margining, profits and loss calculations are done in Bitcoin. Deposits and withdrawals are possible using Bitcoin only, no fiat needed!
- Up to 25x leverage on futures and 10x leverage on options (up to 20x leverage on out of the money options).
“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.”
– Gibraltar’s Minister for Commerce, The Hon Albert Isola MP