GCEX receives operational VASP licence from Dubai’s VARA
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GCEX receives operational VASP licence from Dubai’s VARA 20 November 2023Dubai Reporter: Klea Neza
Image: GCEX
GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational Virtual Asset Service Provider (VASP) licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).
In Dubai, GCEX aims to start a market operation as a VASP enabling brokers, hedge funds, family offices and professional traders to access its liquidity in digital assets and range of technology solutions.
GCEX facilitates back-end and front-end institutional access to digital assets through its proprietary XplorDigital trading solutions which cover regulation, regulated custody, the safety of funds, Tier 1 liquidity and technology.
Mehtap Önder, managing director of GCEX in Dubai, comments: “VARA is leading the way in the global digital asset industry, and we are the first firm to gain approval to operate with a client money account, highlighting our focus on client protection.
“Being a regulated entity in the region is important to us – it’s the ideal way to demonstrate our commitment to adhering to international standards and implementing robust processes, with transparency and investor protection at the core of our offering.”
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Image: GCEX 