# Crypto News

**Published by:** [boengas86](https://paragraph.com/@boengas86/)
**Published on:** 2023-09-08
**URL:** https://paragraph.com/@boengas86/cryto-news

## Content

Zodia Markets, a digital asset market platform directly backed by Standard Chartered, has secured approval in principle to operate as an Over-The-Counter (OTC) Crypto trading broker in Abu Dhabi. This approval was given directly by Abu Dhabi Global Market (ADGM), an international financial center in the United Arab Emirates which is currently known to be trying to attract Crypto-related businesses to operate in the UAE. Based on guidance created directly by ADGM, approval in principle is the third step in the five-stage application process. “With leading international digital asset companies such as Zodia Markets backed by corporate giant Standard Chartered entering the Abu Dhabi market, it will certainly contribute greatly to further enhancing ADGM's attractiveness as a destination of choice for global entities. ,” explained Salem Mohammed Al Darei, CEO of ADGM Authority.

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