FTX-Owned Derivatives Exchange ZUBR Approved in Gibraltar as a DLT Provider

The exchange had previously received in-principle approval in March 2020.

Sep 17, 2021 at 4:41 p.m. UTC
Updated Sep 17, 2021 at 6:10 p.m. UTC

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.

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Tanzeel Akhtar is a CoinDesk news reporter based in Europe.