GC Exchange FZE (GCEX), a part of the GCEX Group, has been granted an Operational VASP License for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows GCEX to begin market operations as a Virtual Asset Service Provider (VASP) in the Emirate of Dubai, enabling brokers, hedge funds, family offices, and professional traders to access its deep liquidity in digital assets and range of technology solutions. GCEX facilitates institutional access to digital assets through its proprietary XplorDigital trading solutions, which covers regulation, regulated custody, safety of funds, tier 1 liquidity, and technology.
Mehtap Önder, Managing Director, GCEX in Dubai, expressed pride in being one of the first firms to receive a VASP Operating License. GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, digital assets spot trading and conversion, and a broad range of trading solutions. The company is headquartered in London, regulated by the UK’s FCA and registered with the Danish FSA. True Global Ventures are investors in GCEX. For further information, visit gcexmena.com or LinkedIn.
GCEX, established in 2018, is a regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional and professional clients. GCEX is a trading name of several entities located in England, Denmark, and Dubai. GCEX offers a wide range of products and technology solutions, including White Labels. Digital asset services are provided by GC Exchange A/S, an authorized entity in Denmark. Contact information regarding GCEX and VARA is provided in the press release.