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Jafrin Ahmed
Apr 29, 2022
by Jafrin Ahmed

Three Arrows Capital Shifts Headquarters to Dubai from Singapore

Three Arrows Capital Dubai

Table of contents

  1. Three Arrows Capital Shifting to Dubai,
  2. Crypto Firms Ditching Singapore for Dubai
Three Arrows Capital, a cryptocurrency trading and hedge fund manager is relocating its headquarters from Singapore to Dubai, joining among a growing number of firms looking to expand their presence in the Middle East.

Three Arrows Capital Shifting to Dubai

According to a report from Bloomberg, crypto hedge fund Three Arrows Capital is considering shifting its headquarters to Dubai from Singapore.

Citing a crypto publication, cofounder of Three Arrows Capital, Su Zhu tweeted: “The energy in Dubai’s digital asset industry is electric right now. We have decided to move our Three Arrows headquarters to Dubai and I’m looking forward to meeting more technology startups.”

 

The United Arab Emirates (UAE) in recent times has attracted a number of crypto companies, firms including Binance, FTX, Crypto.com, Bybit and Kraken.

Crypto Firms Ditching Singapore for Dubai

As the Monetary Authority of Singapore (MAS), the country’s central bank, has begun to tighten down on crypto activity, it appears that crypto firms that previously felt safe in Singapore have relocated to Dubai.

For instance, Binance recently obtained licenses in Dubai, Bahrain and Abu Dhabi after withdrawing its license application in Singapore in December.

Bybit is another crypto firm that announced this month that it would relocate its headquarters from Singapore to Dubai, just two weeks after the emirate enacted a new Virtual Asset Regulation Law.

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Three Arrows Capital Three Arrows Capital Dubai
Three Arrows Capital Shifts Headquarters to Dubai from Singapore
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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