[Coin World] The GFO-X Group has received in-principle approval from the Abu Dhabi Global Market (ADGM) to establish a regulated digital asset exchange and clearing house, which is expected to commence operations in 2026. The platform will operate around the clock, offering centralized clearing derivation with digital assets as Margin, aiming to address the inefficiencies faced by global institutions in terms of counterparties and Collateral. This business expansion beyond the UK and Hong Kong will solidify Abu Dhabi's status as a regulated Crypto Assets market hub.
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GFO-X has received principle approval from ADGM to establish a digital asset exchange.
[Coin World] The GFO-X Group has received in-principle approval from the Abu Dhabi Global Market (ADGM) to establish a regulated digital asset exchange and clearing house, which is expected to commence operations in 2026. The platform will operate around the clock, offering centralized clearing derivation with digital assets as Margin, aiming to address the inefficiencies faced by global institutions in terms of counterparties and Collateral. This business expansion beyond the UK and Hong Kong will solidify Abu Dhabi's status as a regulated Crypto Assets market hub.