GCEX Achieves Operational VASP License from Dubai's Virtual Assets Regulatory Authority.

Singapore, Singapore, November 22nd, 2023, Chainwire

GC Exchange GCEX, which became operational in Dubai in July 2022 and secured its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, is now cleared to commence as a Virtual Asset Service Provider (VASP) in Dubai. This allows brokers, hedge funds, family offices, and professional traders to benefit from its extensive liquidity in digital assets along with various tech solutions.

GCEX opens the door for institutional clients to access digital asset markets through its proprietary XplorDigital trading solutions. This includes a flexible technology platform that encompasses regulation, secure custody, fund safety, premium liquidity, and advanced technology on both the front and back ends. Importantly, GCEX collaborates only with regulated custody and staking service providers and ensures client funds are always kept separate.

Mehtap Önder, Managing Director of GCEX in Dubai, remarked, \"VARA is at the forefront of the global digital asset sector, and we take immense pride in being among the initial companies to obtain a VASP Operating License for offering Virtual Asset Broker-Dealer services. We're also the first to be authorized to manage client money accounts, underscoring our dedication to client safety.\"

"Achieving regulated status in this region is vital to us—it showcases our commitment to upholding international guidelines and establishing rigorous processes while prioritizing transparency and investor safety. This represents a significant achievement for our firm and is crucial to our growth trajectory in the area.\"

The GCEX Group provides institutional clients with extensive liquidity in foreign exchange and CFDs involving digital assets, alongside spot trading and conversions. With its headquarters in London and offices globally, GCEX is regulated by the UK's FCA and registered with the Danish FSA, enjoying backing from True Global Ventures.

For more details, please visit

GCEX stands out as a pioneering regulated digital prime brokerage, offering top-tier platforms for institutional and professional clients in both digital assets and FX markets. With strong alliances with Tier 1 trusted liquidity providers and regulated digital custody institutions, GCEX provides a comprehensive suite of products and technology solutions, including customizable White Label solutions. gcexmena.com or LinkedIn

About GCEX

Founded in 2018, GCEX GCEX operates under several names, including GC Exchange Limited, GC Exchange Fondsmæglerselskab A/S, GC Exchange A/S, and GC Exchange FZE. GC Exchange Limited is registered in England and Wales (No11382809) at 75 King William Street, London, EC4N 7BE, offering FX and CFDs. It is authorized and regulated by the Financial Conduct Authority (FRN 828730).

Digital asset services are delivered through GC Exchange A/S, a Danish company (CVR 43088777) located at Amager Strandvej 390, 2770, Kastrup, which is licensed as a Currency Exchange by the Danish Financial Supervisory Authority (FTID 45020) and also registered as a Virtual Asset Service Provider (FTID 17524) under AML regulations.

GC Exchange Fondsmæglerselskab A/S, another Danish entity (CVR 43345052) at Amager Strandvej 390, 2770, Kastrup, is authorized and regulated by the Danish Financial Supervisory Authority to operate as an Investment Firm providing FX and CFD products.

GC Exchange FZE is registered as a Limited Liability Free Zone Establishment under the Dubai World Trade Center Authority, holding registration number 1896. It has been awarded a Virtual Asset Service Provider License from the Dubai Virtual Assets Regulatory Authority. For further details, visit:

Established in March 2022 in line with Law No.4 of 2022, https://www.vara.ae/

About VARA

VARA is the designated authority responsible for regulating, supervising, and managing virtual assets and related activities across all areas in the Emirate of Dubai, including Special Development Zones and Free Zones, except for the Dubai International Financial Centre. VARA is pivotal in shaping Dubai's legal framework to safeguard investors and establish international best practices for the governance of the Virtual Asset sector while promoting a vision for a seamless economy. VARA Please be aware that the information provided on this page should not be taken as legal, tax, investment, financial advice or any other type of advice. It's crucial to invest responsibly, only what you can afford to lose, and to seek independent financial advice if needed. For additional information, we recommend checking the terms and conditions and help pages offered by the issuer or advertiser. MetaversePost strives for accurate, impartial reporting, but market dynamics may shift without prior notice.

Contact

Vanessa Green
Wigwam PR for GCEX

+44 (0)771 333 2303