Quedex, a bitcoin futures, and options exchange, announced today that the Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to issue a Distributed Ledger Technology (DLT) license to Quedex. An in-principle decision is the final stage of the license authorization process, where Quedex needs to satisfy with respect to the GFSC one or more conditions before obtaining a license.
Quedex offers its users the opportunity to trade in futures and options contracts on crypto assets on a fully-fledged, transparent and secure platform. Quedex gives its client base, consisting of institutional investors, miners, hedgers and active traders the opportunity to hedge against cryptocurrency volatility.
“The in-principle decision is a landmark moment for us. The license that we are now well on our way to obtain will give customers additional protections that they can’t get anywhere else, for example around IT security, financial auditing processes and policies around effective corporate governance arrangements. It will help push crypto from unregulated grey areas into transparent environments and we are very proud to be pioneering this movement.”
Quedex is backed by committed investors with deep knowledge of the DLT economy. One of them is Wojtek Kostrzewa, former CEO of media holding ITI and former CEO of mBank among other high profile c-level roles, who currently serves as Quedex’ chairman parallel to his responsibilities as CEO of successful blockchain startup Billon.
Quedex is currently live trading on BTCUSD products. The company plans to further expand its product offering to several altcoins in the near future.
