Blockchain.com, a Cryptocurrency exchange London-based, the company announced that it received complete regulatory approval by the Cayman Islands Monetary Authority. This allows it to operate its clearing house and exchange in the Cayman Islands.
The Bahamas-based company announced that it will offer regulated crypto derivatives products to institutional investors in Cayman Islands. It will also operate a nonfungible token marketplace and offer over-the-counter Crypto Brokerage Services.
Blockchain.com’s chief commercial officer Lane Kasselman spoke of the development: “The Cayman Islands is a key jurisdiction for us — our parent company is domiciled there, and it is a recognised global financial services hub.”
The exchange stated that regulatory approvals and compliance would be sought for each country. It also said that the company was committed to developing countries such as Dubai and Italy.
Lane Kasselman Added that:
“The only way to achieve a permanent regulatory framework for crypto is for industry leaders and regulators to work together to ensure consumer protection and investor trust.”
FTX was granted a partial license by Dubai in March. It stated that it would be developing a regional headquarters here.
Lightspeed Venture Partners led a Series D investment at Cryptocurrency Exchange Blockchain.com in March 2012.
Although the exact amount of the investment wasn’t disclosed, the financing led to the exchange being valued at $14 billion.
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