Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, DeFi, Blockchain News

ZUBR granted Gibraltar’s in-principle DLT approval

The digital assets derivatives exchange becomes one of the first such exchanges outside of the US to get to this stage


ZUBR, the arbitrage hub for digital asset derivatives, has received today an in-principle decision from the Gibraltar Financial Services Commission (GFSC) to grant the firm authorisation as a Distributed Ledger Technology (DLT) provider, one of the first European digital derivatives exchanges that will become regulated.

ZUBR is an instant, low-cost and transparent digital derivatives arbitrage hub for traders seeking a fair and reliable gateway to crypto markets.

The in-principle approval is the beginning of the final stage of the licence authorization process, and ensures that ZUBR shall be, by the time the licence is issued, compliant with the nine regulatory principles set out in Gibraltar’s DLT regulations, designed to protect consumers and businesses using digital assets stored or transmitted on distributed ledgers.

These regulatory principles include setting up robust risk management processes, effective corporate governance, high standards of customer care, systems and security controls preventing criminal activity, and abiding by the paramount standard of honesty and integrity.

Introduced in January 2018, Gibraltar’s DLT legislation was the world’s first purpose-built regulatory framework for businesses using blockchain or another DLT.

ZUBR will continue to fulfil the in-principle conditions requested by GFSC and work with the GFSC closely to complete this process, upon which ZUBR will receive its licence.

ZUBR’s client-base includes proprietary trading firms and individuals that trade in a wide range of cryptocurrency markets, using arbitrage and other latency-sensitive strategies across multiple trading venues.

Since ZUBR’s launch, amid unprecedented volatility, the platform has helped its clients to access price data and execute market orders with the best possible speed, while also reducing the risks associated with failures and connectivity outages.

The firm shall be based in Gibraltar, with its infrastructure based in London. It has already seen a cumulative trading volume, as a self-regulated entity, of close to US$100million since it commenced its activity in March, outside of Gibraltar.

Ilgar Alekperov, CEO of ZUBR said: “This is a great step for ZUBR. A lot of time and resource has been invested to ensure our product goes above and beyond client expectation, from being the first live digital derivatives platform to have been successfully tested by ex-LSE Group testing firm Exactpro, to this licence process that will position us as one of the first regulated digital derivatives exchanges outside of the US.

"Since inception, we have always conducted our business as if we were a traditional financial services offering, but having a licence in a robust European jurisdiction was always the next step.

“Gibraltar’s DLT framework provides us with regulatory certainty when dealing with new asset classes, providing our clients with assurance that ZUBR is the go-to digital assets derivatives exchange.”

About ZUBR
ZUBR is an arbitrage hub for digital asset derivatives, aimed at experienced and professional market participants and traders exploiting quantitative algorithmic and latency-sensitive trading strategies.
ZUBR’s mission is to provide a robust industry-grade service for demanding and technologically advanced players seeking a fair and reliable gateway to digital asset markets.
ZUBR announced its launch in March 2020 after successfully completing multiple rounds of testing by Exactpro - the same team that has tested LSE’s systems.



No Offer, Solicitation, Investment Advice, or Recommendations

This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.


Mardi 2 Juin 2020




OFFRES D'EMPLOI


OFFRES DE STAGES


NOMINATIONS


DERNIERES ACTUALITES


POPULAIRES