QCP Trading Secures Major Payment Institution License in Singapore, Enhancing Legitimacy and Growth in the Region

QCP Trading, the OTC trading arm of QCP Group, has obtained a Major Payment Institution license in Singapore, allowing it to offer spot digital payment token trading services to institutional clients. This regulatory milestone demonstrates the company's commitment to adhering to strict rules and regulations in Singapore's regulated market. The MPI license enables QCP Trading to expand its business and provide institutional-grade services, including voice trading, API connection, and same-day settlements. This strengthens Singapore's position as a center for regulated crypto enterprises in Asia.

QCP Trading, the over-the-counter (OTC) trading arm of Singapore-based QCP Group, has achieved a significant regulatory milestone by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This permission, announced on September 1, 2025, follows an in-principle nod granted in November 2024. The license allows QCP Trading to offer spot digital payment token (DPT) trading services to institutional clients.

The MPI license is a testament to QCP Trading's commitment to adhering to Singapore's stringent regulatory framework. The company joins a select group of top crypto operators in Singapore, including Coinbase, OKX, and Bitstamp. This license enables QCP Trading to expand its business and provide institutional-grade services such as voice trading, API connection, and same-day settlements through agreements with local banks.

Singapore's regulatory environment for cryptocurrencies has been evolving, with the Payment Services Act of 2020 setting high standards for compliance, financial transparency, and customer safety. As of September 1, 2025, 34 companies, excluding QCP Trading, hold MPI licenses. This illustrates the competitiveness and selectivity of the licensing process. The deadline for unlicensed crypto exchanges to cease operations was June 30, 2025, prompting companies like Bitget and Bybit to reassess their plans.

QCP Trading's achievement in obtaining the MPI license demonstrates that it meets these high standards. The company underwent months of operational inspections and compliance tests based on its in-principle permission before receiving full authorization. This regulatory success enhances QCP's legitimacy and ability to conduct business in the region.

The MPI license positions QCP Trading to better serve institutional clients who require reliable DPT services. The company has already increased its Singapore staff by over 40% year-on-year, hiring new personnel in compliance, operations, and client coverage to support its growth. QCP Group, which started in 2017, has its main office in Singapore and a branch in Abu Dhabi. It offers derivatives, spot trading, and structured products to institutional and accredited investors.

The MPI license empowers QCP Trading to provide safe, fast, and competitive trading solutions. This strengthens Singapore's position as a center for regulated crypto enterprises in Asia. As Singapore works to improve its regulations for cryptocurrencies, QCP Trading's license is a significant step toward building trust and encouraging innovation in the digital asset industry.

QCP Trading is well-positioned to lead in Asia's competitive digital asset market, driving growth and setting a standard for compliance. The company aims to expand its workforce and enhance its service offerings. This regulatory milestone is a significant step forward for QCP Trading and the broader crypto industry in Singapore.

References:
[1] https://crypto.news/qcp-trading-receives-major-payment-institution-license-in-singapore/
[2] https://financefeeds.com/qcp-trading-secures-major-payment-institution/
[3] https://www.ainvest.com/news/cftc-fbot-framework-impact-crypto-market-liquidity-competition-2508/