GC Trade FZE (GCEX), a part of the GCEX Group, has been granted an Operational VASP Licence for VA Dealer Supplier providers from Dubai’s Digital Asset Regulatory Authority (VARA).
GCEX, which opened its Dubai workplace in July 2022 and acquired its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now begin market operations as a Digital Asset Service Supplier (VASP) within the Emirate of Dubai, enabling brokers, hedge funds, household workplaces {and professional} merchants to entry its deep liquidity in digital belongings and vary of expertise options.
GCEX facilitates institutional entry to digital belongings by way of its proprietary XplorDigital buying and selling options, which contains of a technology-agnostic platform masking regulation, regulated custody, the security of funds, tier 1 liquidity and expertise (each back-end and front-end). GCEX solely companions with regulated institutional digital custody and staking suppliers and all the time segregates shopper funds.
Mehtap Önder, Managing Director, GCEX in Dubai, commented, “VARA is main the way in which within the international digital asset business, and we’re extraordinarily proud to be one of many first corporations to obtain a VASP Working Licence to supply Digital Asset Dealer-Supplier providers and the primary agency to achieve approval to function with a shopper cash account, highlighting our give attention to shopper safety.“Being a regulated entity within the area is vital to us – it’s the best option to show our dedication to adhering to worldwide requirements and implementing sturdy processes, with transparency and investor safety on the core of our providing. It is a main milestone for our enterprise and is crucial to GCEX’s progress technique, enabling us to have a stronger presence within the area.”
GCEX Group permits institutional shoppers to entry deep liquidity in FX and CFDs on digital belongings, in addition to digital belongings spot buying and selling and conversion in addition to a broad vary of buying and selling options. Headquartered in London, with a number of workplaces throughout the globe, GCEX is regulated by the UK’s FCA and registered with the Danish FSA. True World Ventures are traders in GCEX.
About GCEX
Based in 2018, GCEX (https://prime.gc.trade/) is a pioneering regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional {and professional} shoppers. GCEX has partnerships with Tier 1 trusted Liquidity Suppliers, main counterparties and controlled digital custody asset establishments. GCEX provides a variety of merchandise and expertise options together with White Labels.
GCEX is a buying and selling title of GC Trade Restricted, GC Trade Fondsmæglerselskab A/S, GC Trade A/S and GC Trade FZE. GC Trade Restricted, an organization included in England and Wales (No11382809) with registered deal with at 75 King William Road, London, EC4N 7BE supplies FX and CFDs merchandise. GC Trade Restricted is authorised and controlled by the Monetary Conduct Authority (FRN 828730).
Digital asset providers are offered by GC Trade A/S, an organization included in Denmark (CVR 43088777) with deal with at Amager Strandvej 390, 2770, Kastrup. GC Trade A/S is authorised by the Danish Monetary Supervisory Authority as a Forex Trade (FTID 45020) and registered as a Digital Asset Service Supplier (FTID 17524) below the AML regulation.
GC Trade Fondsmæglerselskab A/S, an organization included in Denmark (CVR 43345052) with deal with at Amager Strandvej 390, 2770, Kastrup. GC Trade Fondsmæglerselskab A/S is authorised and controlled by the Danish Monetary Supervisory Authority as an Funding Agency to supply FX and CFD merchandise.
GC Trade FZE is included as a Restricted Legal responsibility Free Zone Institution below the Dubai World Commerce Heart Authority with registration quantity 1896. GC Trade FZE has been granted a Digital Asset Service Supplier Licence by the Dubai Digital Property Regulatory Authority.
About VARA
Established in March 2022, following the impact of Legislation No.4 of 2022, VARA is the competent entity accountable for regulating, supervising, and overseeing VAs and VA Actions in all zones throughout the Emirate of Dubai, together with Particular Growth Zones and Free Zones however excluding the Dubai Worldwide Monetary Centre. VARA performs a central position in creating Dubai’s superior authorized framework to guard traders and set up worldwide requirements for Digital Asset business governance, whereas supporting the imaginative and prescient for a borderless financial system
GC Trade FZE (GCEX), a part of the GCEX Group, has been granted an Operational VASP Licence for VA Dealer Supplier providers from Dubai’s Digital Asset Regulatory Authority (VARA).
GCEX, which opened its Dubai workplace in July 2022 and acquired its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now begin market operations as a Digital Asset Service Supplier (VASP) within the Emirate of Dubai, enabling brokers, hedge funds, household workplaces {and professional} merchants to entry its deep liquidity in digital belongings and vary of expertise options.
GCEX facilitates institutional entry to digital belongings by way of its proprietary XplorDigital buying and selling options, which contains of a technology-agnostic platform masking regulation, regulated custody, the security of funds, tier 1 liquidity and expertise (each back-end and front-end). GCEX solely companions with regulated institutional digital custody and staking suppliers and all the time segregates shopper funds.
Mehtap Önder, Managing Director, GCEX in Dubai, commented, “VARA is main the way in which within the international digital asset business, and we’re extraordinarily proud to be one of many first corporations to obtain a VASP Working Licence to supply Digital Asset Dealer-Supplier providers and the primary agency to achieve approval to function with a shopper cash account, highlighting our give attention to shopper safety.“Being a regulated entity within the area is vital to us – it’s the best option to show our dedication to adhering to worldwide requirements and implementing sturdy processes, with transparency and investor safety on the core of our providing. It is a main milestone for our enterprise and is crucial to GCEX’s progress technique, enabling us to have a stronger presence within the area.”
GCEX Group permits institutional shoppers to entry deep liquidity in FX and CFDs on digital belongings, in addition to digital belongings spot buying and selling and conversion in addition to a broad vary of buying and selling options. Headquartered in London, with a number of workplaces throughout the globe, GCEX is regulated by the UK’s FCA and registered with the Danish FSA. True World Ventures are traders in GCEX.
About GCEX
Based in 2018, GCEX (https://prime.gc.trade/) is a pioneering regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional {and professional} shoppers. GCEX has partnerships with Tier 1 trusted Liquidity Suppliers, main counterparties and controlled digital custody asset establishments. GCEX provides a variety of merchandise and expertise options together with White Labels.
GCEX is a buying and selling title of GC Trade Restricted, GC Trade Fondsmæglerselskab A/S, GC Trade A/S and GC Trade FZE. GC Trade Restricted, an organization included in England and Wales (No11382809) with registered deal with at 75 King William Road, London, EC4N 7BE supplies FX and CFDs merchandise. GC Trade Restricted is authorised and controlled by the Monetary Conduct Authority (FRN 828730).
Digital asset providers are offered by GC Trade A/S, an organization included in Denmark (CVR 43088777) with deal with at Amager Strandvej 390, 2770, Kastrup. GC Trade A/S is authorised by the Danish Monetary Supervisory Authority as a Forex Trade (FTID 45020) and registered as a Digital Asset Service Supplier (FTID 17524) below the AML regulation.
GC Trade Fondsmæglerselskab A/S, an organization included in Denmark (CVR 43345052) with deal with at Amager Strandvej 390, 2770, Kastrup. GC Trade Fondsmæglerselskab A/S is authorised and controlled by the Danish Monetary Supervisory Authority as an Funding Agency to supply FX and CFD merchandise.
GC Trade FZE is included as a Restricted Legal responsibility Free Zone Institution below the Dubai World Commerce Heart Authority with registration quantity 1896. GC Trade FZE has been granted a Digital Asset Service Supplier Licence by the Dubai Digital Property Regulatory Authority.
About VARA
Established in March 2022, following the impact of Legislation No.4 of 2022, VARA is the competent entity accountable for regulating, supervising, and overseeing VAs and VA Actions in all zones throughout the Emirate of Dubai, together with Particular Growth Zones and Free Zones however excluding the Dubai Worldwide Monetary Centre. VARA performs a central position in creating Dubai’s superior authorized framework to guard traders and set up worldwide requirements for Digital Asset business governance, whereas supporting the imaginative and prescient for a borderless financial system
