Crypto hedge fund Three Arrows Capital plans to move its headquarters to Dubai.
“The energy in the digital asset industry in Dubai right now is amazing. We decided to move our Three Arrows headquarters to Dubai and I’m looking forward to meeting new tech startups,” said Three Arrows co-founder Su Zhu.
In January, Singapore’s central bank warned cryptoproviders against advertising services in public places. In turn, Dubai has begun attracting cryptocurrencies with low tax rates and friendly regulation.
Earlier, FTX and Binance exchanges opened their headquarters in Dubai.