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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