Singapore’s QCP Expands Globally With 50% Headcount Jump
Singapore-based digital asset trading firm QCP Group has aggressively expanded its global footprint, increasing its workforce by 50% to 157 employees. The firm now operates across five cities, including new offices in New York, Abu Dhabi, Kuala Lumpur, and Ho Chi Minh City, while upgrading its Singapore headquarters at Prudential Tower.
Regulatory approvals have been pivotal to QCP's expansion strategy. The firm secured a Major Payment Institution license from Singapore's Monetary Authority and a Financial Services Permission from Abu Dhabi Global Market. These licenses enable round-the-clock offering of regulated spot trading, derivatives, and structured products to institutional clients.
"Institutions demand partners with DEEP market expertise, full-spectrum execution, and regulatory integrity in key hubs," said Darius Sit, QCP's founder. The firm's licensed presence in Singapore and Abu Dhabi provides clients with compliance safeguards in jurisdictions with mature digital asset frameworks.