UAE Fintech firm iBLOXX acquires license for Proprietary trading of crypto commodities

UAE Based, iBLOXX Proprietary Trading DMCC, a fintech trading firm has been been granted the License for Proprietary Trading in Crypto Commodities by Dubai Multi Commodities Center (DMCC).

iBLOXX designs AI and Machine Learning algorithms to manage active trading models for a variety of instruments across traditional and now also crypto commodity markets.

“This license will allow us to merge our expertise from the traditional financial markets with the crypto DeFi ecosystem. Our fully automated algorithms are designed to maximize profit margins and minimize execution risk in a sub-zero milliseconds timescale through multi-asset, market-wide connectivity and  on-chain smart contracts across major blockchains”, said Domenik Maier, CEO of iBLOXX Proprietary Trading DMCC.

DMCC has been a vanguard for crypto and Blockchain ecosystem since the launch of its crypto centre this year. DMCC Crypto center has already added 130 crypto companies to its ecosystem since its launch.