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Arabian Bourse (ABX), a UAE-based crypto exchange receives Preliminary regulatory Approval

  • Arabian Bourse (ABX), a UAE-based crypto exchange, received today a preliminary regulatory approval.
  • The initial regulatory approval was issued around June 6 by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM).

According to a report by Market Media, the Arabian Bourse is a joint project between GMEX Group and Arshad Khan, the founder of several regional exchanges.

ABX’s vision is to operate as a fully-regulated and compliant crypto assets custodian and exchange serving both retail and institutional clients globally.

The platform uses GMEX’s suite of “hybrid centralised and blockchain distributed ledger technology solutions,” known as GMEX Fusion.