Announced on Wednesday, Önder will be responsible for overseeing all operational aspects of the company in the region.
She brings more than 15 years of industry expertise to her role and has extensive experience working in the region. She joined GCEX from Dubai-based Waystone Compliance Solutions where she was a Compliance Consultant for almost three years.
Her most prominent industry experience was with CFH Turkey (now Finalto). She spent almost eight years with the company, which was co-founded by the Founder and CEO of GCEX, Lars Holst, and separated in February 2019 as the Regional Director.
“From working closely with Lars at CFH (now Finalto), I have witnessed first-hand his ability to grow a global business,” Önder said in a statement. “I am excited to be joining his team and work closely with him to scale GCEX across the MENA region.”
Ongoing Expansion
The new Dubai office of GCEX was established after the company received provisional regulatory approval by the Virtual Assets Regulatory Authority in Dubai (VARA) in April 2022, which allows it to operate a cryptocurrency exchange
Cryptocurrency Exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
Read this Term. Now, the firm is in the process of obtaining a full license.
“Extending our crypto offering to the MENA region is a major milestone for the business,” said Holst. “Receiving provisional regulatory approval from VARA in Dubai adds significant credibility to our offering and puts us in a strong position to become a dominant crypto exchange for institutional and professional clients in the region.”
Moreover, Holst pointed out that GCEX is going to leverage Önder’s network of institutional clients and deep understanding of the regulatory and client requirements for its MENA expansion.
“Dubai is at the forefront of the crypto market, so this is an ideal location for GCEX to be based in. Our presence in the VARA ecosystem will be key to attracting institutional and professional clients, highlighting our focus on investor protection,” Önder added.
Meanwhile, GCEX acquired two licenses from the regulator in Denmark earlier this year following the appointment of Michael Aagaard as the Managing Director of the Danish operations.
Announced on Wednesday, Önder will be responsible for overseeing all operational aspects of the company in the region.
She brings more than 15 years of industry expertise to her role and has extensive experience working in the region. She joined GCEX from Dubai-based Waystone Compliance Solutions where she was a Compliance Consultant for almost three years.
Her most prominent industry experience was with CFH Turkey (now Finalto). She spent almost eight years with the company, which was co-founded by the Founder and CEO of GCEX, Lars Holst, and separated in February 2019 as the Regional Director.
“From working closely with Lars at CFH (now Finalto), I have witnessed first-hand his ability to grow a global business,” Önder said in a statement. “I am excited to be joining his team and work closely with him to scale GCEX across the MENA region.”
Ongoing Expansion
The new Dubai office of GCEX was established after the company received provisional regulatory approval by the Virtual Assets Regulatory Authority in Dubai (VARA) in April 2022, which allows it to operate a cryptocurrency exchange
Cryptocurrency Exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
Read this Term. Now, the firm is in the process of obtaining a full license.
“Extending our crypto offering to the MENA region is a major milestone for the business,” said Holst. “Receiving provisional regulatory approval from VARA in Dubai adds significant credibility to our offering and puts us in a strong position to become a dominant crypto exchange for institutional and professional clients in the region.”
Moreover, Holst pointed out that GCEX is going to leverage Önder’s network of institutional clients and deep understanding of the regulatory and client requirements for its MENA expansion.
“Dubai is at the forefront of the crypto market, so this is an ideal location for GCEX to be based in. Our presence in the VARA ecosystem will be key to attracting institutional and professional clients, highlighting our focus on investor protection,” Önder added.
Meanwhile, GCEX acquired two licenses from the regulator in Denmark earlier this year following the appointment of Michael Aagaard as the Managing Director of the Danish operations.
