GCEX, a digital prime brokerage headed by Lars Holst, has obtained new regulatory permission from the Danish Monetary Supervisory Authority (FSA) to function as an funding agency. With the brand new license, the corporate can provide rolling Spot FX and CFDs to institutional purchasers within the European Union.
“It is a main step ahead for our enterprise, and we consider it will likely be a big catalyst for development in Europe,” mentioned Michael Aagaard, GCEX’s Managing Director in Denmark.
“Brokers, fund managers, hedge funds {and professional} merchants primarily based within the EU will now have the peace of thoughts and reassurance of figuring out that they’re transacting with a reputable agency which is regulated in their very own jurisdiction.”
Headquartered in London, GCEX already has a big presence in Denmark. It already holds two Danish licenses: a digital asset service supplier license and the authorization to supply forex trade to skilled purchasers.
The corporate additionally affords its providers underneath a Monetary Conduct Authority (FCA ) license and acquired a VASP license for the MVP part from the Dubai Digital Property Regulatory Authority, strengthening its presence within the Center East.
A Strategic License
The most recent Danish FSA license will enable the corporate to broaden its providers within the European market, aligning with its world growth targets. As well as, it got here after the corporate launched its proprietary buying and selling platforms.
“Acquiring this FSA license concerned an especially stringent course of wherein we needed to display our expertise in monetary providers, the data of our crew, good governance, and our robust deal with investor safety. It now opens the door for us to market to EU purchasers, presenting us with a significant alternative for additional development,” Holst, the Founder and CEO of GCEX, mentioned.
“From the outset, we’ve been advocates of working inside robust regulatory environments. Our broader regulatory protection displays our ethos of offering an expert, dependable, trusted, and sturdy service with the intention to be on the forefront of the business.”
In the meantime, GCEX printed its financials for 2022 just lately, exhibiting a bounce of 136 p.c in its annual turnover to £4.5 million. Moreover, it ended the 12 months with a internet revenue of £1.5 million.
GCEX, a digital prime brokerage headed by Lars Holst, has obtained new regulatory permission from the Danish Monetary Supervisory Authority (FSA) to function as an funding agency. With the brand new license, the corporate can provide rolling Spot FX and CFDs to institutional purchasers within the European Union.
“It is a main step ahead for our enterprise, and we consider it will likely be a big catalyst for development in Europe,” mentioned Michael Aagaard, GCEX’s Managing Director in Denmark.
“Brokers, fund managers, hedge funds {and professional} merchants primarily based within the EU will now have the peace of thoughts and reassurance of figuring out that they’re transacting with a reputable agency which is regulated in their very own jurisdiction.”
Headquartered in London, GCEX already has a big presence in Denmark. It already holds two Danish licenses: a digital asset service supplier license and the authorization to supply forex trade to skilled purchasers.
The corporate additionally affords its providers underneath a Monetary Conduct Authority (FCA ) license and acquired a VASP license for the MVP part from the Dubai Digital Property Regulatory Authority, strengthening its presence within the Center East.
A Strategic License
The most recent Danish FSA license will enable the corporate to broaden its providers within the European market, aligning with its world growth targets. As well as, it got here after the corporate launched its proprietary buying and selling platforms.
“Acquiring this FSA license concerned an especially stringent course of wherein we needed to display our expertise in monetary providers, the data of our crew, good governance, and our robust deal with investor safety. It now opens the door for us to market to EU purchasers, presenting us with a significant alternative for additional development,” Holst, the Founder and CEO of GCEX, mentioned.
“From the outset, we’ve been advocates of working inside robust regulatory environments. Our broader regulatory protection displays our ethos of offering an expert, dependable, trusted, and sturdy service with the intention to be on the forefront of the business.”
In the meantime, GCEX printed its financials for 2022 just lately, exhibiting a bounce of 136 p.c in its annual turnover to £4.5 million. Moreover, it ended the 12 months with a internet revenue of £1.5 million.
