GC Exchange FZE (GCEX), 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).
GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now start 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 comprises a technology-agnostic platform covering regulation, regulated custody, the safety of funds, Tier 1 liquidity and technology (both back-end and front-end). GCEX only partners with regulated institutional digital custody and staking providers and always segregates client funds.