Ukrainian cryptocurrency exchange QMALL received a license and accreditation to carry out activities in the EU countries – this was reported by the CEO of the project Bogdan Prilepa.
The company became regulated in the Eurozone: under the name UAB QMALL, it was officially registered as a virtual currency exchange operator and a depositary wallet operator. By obtaining a license to operate in the EU, QMALL will see a significant increase in the number of registrations. Today, the platform is already used by over 100,000 traders from Ukraine, and with new features, QMALL plans to attract users from all over the world.
New perspectives opened up by the EU license
Registration in the EU has opened a window for QMALL into a world of new opportunities. A significant advantage that QMALL users get is that they can now trade cryptocurrencies in pairs with the euro, creating new trading strategies and increasing their profits accordingly.
QMALL is a project of well-known Ukrainian entrepreneurs Mykola Udyansky and Bogdan Prilepa, launched in 2021. Today, QMALL is the first state-regulated cryptocurrency exchange in Ukraine. Despite the fact that QMALL has been operating on the market for less than a year, it has already gained serious weight and wide popularity in the crypto environment. This happened due to the policy of zero commissions for deposits in the national currency, and the availability of simple and convenient payment instruments with which you can deposit and withdraw fiat and crypto from the platform.
QMALL has also established itself as one of the safest venues. Since the exchange was created recently, all the bugs and errors of early exchanges were taken into account during its development. The QMALL security system was originally built on the most modern coding and cryptography standards. The exchange offers many advanced features to ensure the safety of users’ assets.
Nikolai Udyansky and Bohdan Prilepa have big plans for QMALL. In particular, it will be the first crypto exchange with its own metaverse on board. Now that the company has received a license to do business in Europe, the possibilities of QMALL are truly limitless.
Europe’s largest launchpad
The second global news from QMALL: in collaboration with the French analogue of Silicon Valley Sophia Antipolis, the exchange is developing Europe’s largest launchpad for crypto projects. Today, launchpads are a mega-popular topic, which is not surprising, since by investing in digital assets in the early stages, launchpad participants get the highest return. Sometimes we are talking about thousands of percent of the profits.
An ambitious project from QMALL and Sophia Antipolis will help many companies from Ukraine and the EU to get the necessary funding and provide them with a strong position in the European market. The QMALL team plans to hold launches weekly, a maximum of once every two weeks, and such a tight schedule will be from the very launch of the launchpad. As a result, more projects will become available to investors, and many more people will have the opportunity to participate in crowdfunding in the early stages.
The creation of Europe’s largest launchpad is just the beginning of the vast array of possibilities open up for QMALL today. Sophia Antipolis is a 2,400-hectare technology hub in the southeast of France with over 2,500 resident companies. Numerous successful startups are represented here along with many of the world’s major brands such as IBM, Cisco and Samsung. And, of course, as a member of the French Silicon Valley, QMALL will have every opportunity to meet and collaborate with representatives of the world’s leading technology companies. And when great minds meet, great ideas inevitably come to life.
After announcing a partnership with Sophia Antipolis, gaining legal status in the Eurozone and starting trading in EUR pairs, the team is confident that its native QMALL token will continue its journey to the moon. Recall that in February, against the backdrop of positive news about upcoming developments, the exchange token soared in value by as much as 4000% and at its peak cost 38 hryvnias.
Regulation and full integration of QMALL with the European market
The fact that QMALL is registered in the EU and fully integrated into the European regulatory system, significantly increases the credibility of all exchange operations. The regulator keeps business under control, protecting consumers from unscrupulous players and requiring full transparency from enterprises. This works well for the global financial and stock markets, and if the crypto world wants to enter the global business community, it should be no exception.
Many in the crypto industry believe that more regulation will only benefit the industry in the long run. Most agree that if the industry wants to go mainstream, public education and confidence in the legitimacy of cryptocurrencies is paramount to its future. In this regard, QMALL is one step ahead of most of the other participants in the crypto market and positions itself as a leader and a major player in this area.
Recall that the founders of the exchange, Mykola Udyansky, is a well-known Ukrainian IT businessman who is included in the top 100 richest Ukrainians in 2021 according to Forbes. Bogdan Prilepa is the CEO of the newly created Qmall exchange, who previously launched many blockchain startups and cryptocurrency exchanges in the top 100 exchanges on coinmarketcap.