Crypto exchange BitOasis secures regulatory approval in Abu Dhabi Global Market (ADGM)
BitOasis, the largest bitoin and crypto-asset exchange in the MENA region, today announced that its Abu Dhabi Global Market (ADGM) registered entity has been granted a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) from the ADGM in the United Arab Emirates.
“We are now authorized to operate a regulated Multilateral Trading Facility (MTF) and Custody platform for Virtual Assets in Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE), that will serve retail, accredited investors, trading firms and institutions. ADGM has been instrumental in our journey; having granted the first In Principal Approval (IPA) for BitOasis in April 2019, and we look forward to launching under our regulatory licenses in due course subject to further regulatory approvals from the FSRA.”
– The BitOasis Team
BitOasis’s ADGM registered entity, BLEX Financial Limited, on receiving the necessary approvals from the FSRA in ADGM will be launching its regulated MTF in ADGM; offering its clients access to a secure, regulatory compliant, and institutional-grade platform.