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FTX-Owned Derivatives Exchange ZUBR Approved in Gibraltar as a DLT Provider
The exchange had previously received in-principle approval in March 2020.
FTX-owned derivatives exchange ZUBR has received approval from the Gibraltar Financial Services Commission (GFSC) as a DLT provider.
- The exchange’s Gibraltar-based owner and operator, Zubr Exchange, is now fully licensed under Gibraltar’s crypto regulatory framework.
- FTX acquired the exchange earlier this year and has started integrating Zubr Exchange’s team.
- The GFSC has offered DLT licenses since the beginning of 2018.
- “Securing this DLT provider license for our subsidiary is a key step toward our goal of creating a trustworthy and compliant exchange group that can be used by investors of all types around the globe,” said Sam Bankman-Fried, FTX’s CEO, in a statement.
- In March 2020, ZUBR received in-principle approval from the GFSC as a DLT provider and began trading. The final approval was conditional on the exchange addressing some of the regulator’s feedback.
Read more: It’s Tough Getting Approved in Gibraltar, Says Green-Lighted Crypto Derivatives Exchange
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
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