We’re pleased to announce that QCP Trading, our dedicated OTC spot trading arm, has received In-Principle Approval (IPA) for a Major Payment Institution License from the Monetary Authority of Singapore (MAS). This milestone reinforces our dedication to Singapore’s high regulatory standards as we move towards our goal of providing compliant, innovative, and efficient digital asset solutions. We aspire to build a leading spot franchise with support for a wide range of stablecoins and major digital tokens, backed by 24/7 support, API integration, dedicated voice trading, and same-day settlement through our local banking partners. Our commitment is to provide a seamless, client-first experience with competitive pricing. Read the full announcement: https://lnkd.in/gQn-TzAH
QCP
Financial Services
Singapore, Singapore 21,436 followers
A global digital asset trading firm & market maker.
About us
QCP is Asia's leading digital asset partner, empowering clients to seamlessly integrate digital assets into their portfolios. We offer a comprehensive range of solutions - from spot on/off ramping and fixed income strategies to vanilla options and bespoke exotics. Driven by the vision to be the most trusted partner in digital asset markets, we provide innovative solutions that make digital assets a core component of every portfolio, balance sheet, and treasury. Since 2017, QCP brings to clients deep expertise gained from thriving through multiple market cycles. A global market maker in digital asset derivatives with a vast network of liquidity providers and counterparties, we are shaping the future of digital asset markets through greater access and efficiency. QCP is headquartered in Singapore and is supported by a strong team of professionals in trading, business development, operations, risk and compliance teams. Our in-house publications track the constantly evolving state of digital assets and markets, and can be accessed on our Telegram (t.me/QCPbroadcast), website (qcpgroup.com), Twitter (@qcpgroup) and LinkedIn.
- Website
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http://www.qcpgroup.com
External link for QCP
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Singapore, Singapore
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Trading, Investments, Blockchain, and Cryptocurrency
Locations
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Primary
3 Phillip Street
Singapore, Singapore 048693, SG
Employees at QCP
Updates
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As the first designated market maker for BlackRock USD Institutional Digital Liquidity Fund (BUIDL), we are proud to have executed the first-ever BUIDL-collateralized derivatives trade with Securitize Credit. This innovative solution is now available to our institutional clients, unlocking enhanced yield opportunities and greater portfolio efficiency. Discover how tokenized treasuries like BUIDL are transforming institutional finance. Read the full article: https://lnkd.in/ggPthedN
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Bitcoin rebounded to $95.2K overnight after successfully retesting the $92.5K support, but bearish sentiment lingers. News of U.S. government Silk Road BTC sales and hawkish Fed Minutes, signaling slower rate cuts due to rising inflation risks, have weighed on the market. Macro uncertainty deepened with conflicting labor data this week: ADP's report showed slowing private sector hiring and wage gains, contrasting Tuesday’s stronger JOLTS job openings. On the options front, steepening curves and selling pressure on front-end vols reflect cautious sentiment. With U.S. markets closed today, BTC is likely to consolidate between $92K and $95K, with risks of a drop to $90K if $92K support breaks. Are you bullish or bearish in this environment? Read the full analysis here: https://lnkd.in/gmGABVkm
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Hotter-than-expected U.S. labor data, with JOLTS job openings hitting 8.1M (vs. 7.74M forecast), sparked risk-off sentiment across markets. Bitcoin pulled back to $95K, triggering $206M in liquidations, while equities also weakened. ETF inflows dropped 94% to $52.9M, with BlackRock’s IBIT gaining $596M as ARK and 21Shares faced $212M in outflows. With the FOMC and NFP reports ahead, Bitcoin’s pullback may be setting the stage for a renewed rally as market optimism builds. Read the full analysis here: https://lnkd.in/gk-Xfq3c
Asia Color - QCP January 8, 2025
https://www.qcpgroup.com
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MicroStrategy is back in the spotlight, adding 1,070 #BTC at ~$94k each to its reserves. With plans to raise up to $2B through perpetual preferred stock, their Bitcoin conviction remains strong. Meanwhile, Bitcoin spot ETFs are seeing renewed net inflows, pushing BTC prices on Coinbase to a premium as institutions ramp up their 2025 allocations. This aligns with the pro-crypto regulatory momentum, including Canada’s rising support for Pierre Poilievre as a potential next Prime Minister. But it’s not all smooth sailing. The U.S. Treasury debt ceiling reinstatement mid-January could stir volatility as markets brace for "extraordinary measures." Read the full analysis: https://lnkd.in/gFqA5URr
Asia Color - QCP January 7, 2025
https://www.qcpgroup.com
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Bitcoin is inching closer to the coveted $100k mark, a level that historically faced strong selling pressure. While funding rates remain healthy this time, and front-end volatility shows a neutral sentiment, we’re not expecting a major squeeze in the near term. With no immediate crypto-specific catalysts, market attention is shifting to key U.S. economic data. This week’s JOLTS and ADP reports will set the tone for Friday’s first NFP release of the year, offering insights into broader market sentiment. How will BTC and macro events shape the week ahead? Red the full analysis here: https://lnkd.in/ggmeM3sZ
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The much-anticipated year-end rally failed to deliver as a $49.3M BTC move by Mt. Gox triggered a sharp 14% drop, pushing sentiment to softer ground. Liquidity is drying up, spot ETFs continue to see outflows, and the market seems cautious heading into Friday’s Mega Expiry, with volatility metrics elevated but unsettled. Meanwhile, MicroStrategy remains steadfast, making its seventh consecutive BTC purchase—albeit the smallest in recent weeks—raising questions about its outlook at these price levels. In a world where traditional markets are winding down for the holidays, Bitcoin’s 24/7 nature could provide a pulse for reactions to extraordinary events, like the BTC/KRW response to President Yoon’s recent martial law declaration. As volatility looms, caution is key. Read the full analysis here: https://lnkd.in/ghBFvNRd
Asia Color - QCP December 24, 2024
https://www.qcpgroup.com
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This Friday, nearly $20B in BTC and ETH options—almost half of Deribit’s open interest—are set to expire. While BTC continues to range below 100k, the market’s next moves could define the close of 2024. With BTC dominance at 58%, we’re closely watching for signs of a rotation into altcoins, especially as ETHBTC hovers near key levels. Whether we see a volatility selloff or a fresh breakout, this is a pivotal moment for market dynamics. Stay sharp—this week could shape the road ahead. Read the full analysis here: https://lnkd.in/g7pGtnUK
Asia Color
https://www.qcpgroup.com
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The FOMC’s hawkish move sparked a sharp selloff across risk assets, with Nasdaq down 3.56%, S&P 500 falling 2.95%, and Bitcoin dropping 6.13%. The Fed's revised dot plot, projecting only 2 rate cuts for 2025 instead of 3, fueled market panic over persistent inflation. BTC hit a day low of 98,800 during the Asia session, and altcoins saw 10%+ losses, leading to $258.6 million in long liquidations. While the Fed’s decision played a role, the true cause of the crash lies in the market’s overly bullish positioning, leaving it vulnerable to shocks. Read the full analysis here: https://lnkd.in/gnQHth9N
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A huge thank you to Deribit for inviting our CCO, Andrew Scott, to join Imran Lakha and David Brickell on the podcast to discuss the rapid evolution of the crypto market. The discussion highlighted how the digital asset space is evolving, increasingly mirroring traditional equities. The rise of benchmark indices, ETFs, and structured products is driving institutional adoption and boosting liquidity. Furthermore, options and derivatives are becoming essential tools for price discovery and risk management, cementing their role in the market's future. With strong secular growth, a supportive regulatory environment, and the entry of major banks, do digital assets still carry the same level of risk? Watch the full podcast now: https://lnkd.in/gAhntMHi
Crypto Options Unplugged🎙️ Episode #47 The final show of 2024 With Imran Lakha and David Brickell and special guest Andrew Scott CCO at QCP ➡️ Continued huge inflows drive BTC to new ATH ➡️ Huge year end expiry and OI indicates continuation of bullish call skew into 2025 All this and more on 📺👇 Deribit. Always Open.
Early Christmas for Crypto: BTC Hits New All-Time High! #47
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