GCEX, a digital prime brokerage headed by Lars Holst, has obtained new regulatory permission from the Danish Monetary Supervisory Authority (FSA) to function as an funding agency. With the brand new license, the corporate can provide rolling Spot FX and CFDs to institutional shoppers within the European Union.
“This can be a main step ahead for our enterprise, and we consider it is going to be a big catalyst for development in Europe,” stated Michael Aagaard, GCEX’s Managing Director in Denmark.
“Brokers, fund managers, hedge funds {and professional} merchants based mostly within the EU will now have the peace of thoughts and reassurance of understanding that they’re transacting with a reputable agency which is regulated in their very own jurisdiction.”
Headquartered in London, GCEX already has a big presence in Denmark. It already holds two Danish licenses: a digital asset service supplier license and the authorization to supply foreign money change to skilled shoppers.
The corporate additionally provides its companies below a Monetary Conduct Authority (FCA ) license and obtained a VASP license for the MVP part from the Dubai Digital Belongings Regulatory Authority, strengthening its presence within the Center East.
A Strategic License
The newest Danish FSA license will permit the corporate to develop its companies within the European market, aligning with its international enlargement objectives. As well as, it got here after the corporate launched its proprietary buying and selling platforms.
“Acquiring this FSA license concerned an especially stringent course of through which we needed to show our expertise in monetary companies, the information of our staff, good governance, and our sturdy deal with investor safety. It now opens the door for us to market to EU shoppers, presenting us with a serious alternative for additional development,” Holst, the Founder and CEO of GCEX, stated.
“From the outset, we’ve got been advocates of working inside sturdy regulatory environments. Our broader regulatory protection displays our ethos of offering knowledgeable, dependable, trusted, and sturdy service with the intention to be on the forefront of the trade.”
In the meantime, GCEX printed its financials for 2022 not too long ago, exhibiting a leap of 136 % in its annual turnover to £4.5 million. Moreover, it ended the yr with a internet revenue of £1.5 million.
GCEX, a digital prime brokerage headed by Lars Holst, has obtained new regulatory permission from the Danish Monetary Supervisory Authority (FSA) to function as an funding agency. With the brand new license, the corporate can provide rolling Spot FX and CFDs to institutional shoppers within the European Union.
“This can be a main step ahead for our enterprise, and we consider it is going to be a big catalyst for development in Europe,” stated Michael Aagaard, GCEX’s Managing Director in Denmark.
“Brokers, fund managers, hedge funds {and professional} merchants based mostly within the EU will now have the peace of thoughts and reassurance of understanding that they’re transacting with a reputable agency which is regulated in their very own jurisdiction.”
Headquartered in London, GCEX already has a big presence in Denmark. It already holds two Danish licenses: a digital asset service supplier license and the authorization to supply foreign money change to skilled shoppers.
The corporate additionally provides its companies below a Monetary Conduct Authority (FCA ) license and obtained a VASP license for the MVP part from the Dubai Digital Belongings Regulatory Authority, strengthening its presence within the Center East.
A Strategic License
The newest Danish FSA license will permit the corporate to develop its companies within the European market, aligning with its international enlargement objectives. As well as, it got here after the corporate launched its proprietary buying and selling platforms.
“Acquiring this FSA license concerned an especially stringent course of through which we needed to show our expertise in monetary companies, the information of our staff, good governance, and our sturdy deal with investor safety. It now opens the door for us to market to EU shoppers, presenting us with a serious alternative for additional development,” Holst, the Founder and CEO of GCEX, stated.
“From the outset, we’ve got been advocates of working inside sturdy regulatory environments. Our broader regulatory protection displays our ethos of offering knowledgeable, dependable, trusted, and sturdy service with the intention to be on the forefront of the trade.”
In the meantime, GCEX printed its financials for 2022 not too long ago, exhibiting a leap of 136 % in its annual turnover to £4.5 million. Moreover, it ended the yr with a internet revenue of £1.5 million.
