QCP Capital

In 2023, QCP and Japan's SBI Alpha Trading put through the first uncleared crypto options trade on a regulated platform, using Bitcoin as collateral and applying ISDA-standard variation margin to digital assets. That trade captures what QCP does: bring institutional derivatives plumbing to crypto.

Operating from Singapore since 2017, the firm runs an OTC desk in spot, options, perpetuals, forwards, and structured products, trading around the clock through both voice and API. Its pricing and risk systems are built in-house by its own traders and quants, and it positions itself as a market maker in digital-asset derivatives for institutional counterparties.