Glomax Exchange announced it has received a license from ADGM ( Abu Dhabi Global Market) for a regulated multi trading facility in addition to the provision of custdial services. Previously Glomax had received preliminary approval in January of 2019.
Ricky Ding, CEO of Glomax expressed his appreciation to the FSRA and ADGM for their cooperation and guidance as well as to local and international partners for sharing their blockchain vision and that of virtual asset trading.
Glomax stated that ADGM is the ideal platform to launch their Multi trading facility and sees great opportunities in the Blockchain industry within the MENA region.
Glomax platform had planned to launch the platform in the second half of 2020.