Dubai’s Virtual Assets Regulatory Authority Grants GCEX Full Operational VASP License
GCEX, part of the GCEX Group has secured an operational VASP (virtual asset service provider). License for VA broker-dealer services from Dubai’s VARA (Virtual Asset Regulatory Authority).
Following the opening of its Dubai office in July 2022 and the reception of an MVP (minimal viable product) preparatory license in February 2023. GCEX is now authorized to commence market operations as a VASP in Dubai. This enables brokers, hedge funds, family offices, and professional traders to access GCEX’s deep liquidity in digital assets and a suite of technology solutions.
GCEX, headquartered in London. Ensures institutional access to digital assets through its XplorDigital trading solutions. The company, committed to adhering to international standards. Emphasizes client protection and has been approved to operate with a client money account. This move is considered a significant milestone for GCEX’s growth strategy. Enhancing its presence in the region.
Clever Robot News Desk 23rd November 2023
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