Cryptocurrency exchange QMALL, founded by Mykola Udianskyi and Bohdan Prylepa, and claiming 100k users already, is now licensed by the EU government. The company continues its European market expansion with a new acquisition, offering new euro trading pairs, and partnering with Sophia Antipolis, the French equivalent of Silicon Valley.
QMALL is a new, top cryptocurrency exchange headquartered in Ukraine. The company is now in the midst of its European expansion. Most notably, it is now fully regulated in the EU, due to its recent acquisition a Lithuanian company registered as Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator in Lithuania. This implies that QMALL is set to implement new compliance standards and practices to ensure meeting all the necessary Anti-money laundering requirements. This security is great news for QMALL, which is now going to be able to attract more international users, likely propelling its native token price to new highs.
As the company executives claim, this move is just one of the ways in which QMALL is intending to fully integrate within the European market.
“We wish for a full integration of our Ukrainian exchange QMALL with the European market. Together with Ukraine, we are going towards our European choice. Just like the whole nation we are doing our best to give our start-ups more opportunities in the European market”.
Besides becoming a regulated entity, QMALL is also adding new euro trading pairs, as well as partnered with Sophia Antipolis, the French equivalent of Silicon Valley, where the largest Launchpad for European projects will be set in place by the company. This will give the space to launch more Ukrainian start-ups in Europe.
Launchpads have been a prominent trend in the crypto industry for a while now. They offer a platform for new project to get promoted, grow, and get funded. At the same time, investors are able to purchase the tokens launched by the projects at a low price, at a very early stage, with a potential to grow exponentially. A win-win. According to the QMALL team, new projects will be promoted through this Sophia Antipolis Launchpad every week.
QMALL and its products
QMALL creates innovative products that make the process of paying and accounting for cash and non-cash payments simple and convenient. Thanks to its features and innovative ideas, QMALL has reached the top and became the first in its niche. 100k+ users of the exchange are there for the convenience and reliability of its products. QMALL also aims to become the very first cryptocurrency exchange to launch its own metaverse.
The company’s mission as encapsulated in their Whitepaper, is to innovate in line with the European tradition:
“Having studied the market, we come to the conclusion that the main leaders of the cryptocurrency assets market are representatives of East Asian countries and form their activity at the expense of the name of the exchange. The Qmall Exchange project, a Ukrainian cryptocurrency exchange, has set itself the goal of creating a token infrastructure that technically and reputationally corresponds to the European format and is convenient for the community of the Western mentality.”
Due to this ethos, QMALL, from being a regional exchange, had grown exponentially to now being a serious rival to top competitors such as Asian exchanges in Europe.
Source: https://crypto.news/qmall-crypto-exchange-an-eu-regulated-entity-sophia-antipolis/