Crypto

Crypto derivatives trading platform GFO-X secures regulatory green light in Abu Dhabi

The firm is planning to grow its presence in the UAE’s capital after edging closer to full regulatory approval to operate in the region

Abu Dhabi has gained popularity among institutional crypto trading platforms
Abu Dhabi has gained popularity among institutional crypto trading platforms Photo: Bloomberg via Getty Images

Crypto derivatives trading platform GFO-X has reached the final stages of obtaining full regulatory approval to operate as an investment exchange and clearing house for digital assets in Abu Dhabi.

GFO-X has secured in principle approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market, which will allow it to offer trading, clearing and settlement services, according to a 4 September announcement.

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