13 June 2022 - GCEX, which enables brokers, funds and professional traders to access deep liquidity in digital assets, has been granted two licenses by the Danish Financial Supervisory Authority, the FSA (FTID17524). The rapidly growing digital brokerage has been granted a Virtual Asset ServiceProvider (VASP) license and authorisation to provide currency exchange to professional clients.
The VASP license grants GCEX permission to provide clients with services such as:
- exchange between virtual currencies and fiat currencies
- exchange between one or more types of virtual currency
- transfer of virtual currencies
GCEX has offices in London, Copenhagen, Glasgow and Kuala Lumpur. The firm has recently expanded its products in response to customer demand and currently offers more than 40 coins and tokens as well as FX liquidity from Tier 1 providers and a wide range of technology solutions.
Lars Holst, Founder and CEO, GCEX said, “It is a priority for GCEX to have multi-jurisdictional regulatory coverage as this gives clients the choice of trading with the regulated entity which best suits their requirements. As Brexit has completely changed the landscape for UK regulated brokerages in terms of passporting, we believe it is very important for us to be regulated in an EU country. The Danish FSA license, therefore, is a major milestone for the business. The fact that we have permission to run a crypto exchange globally from Denmark is also very significant.”
Michael Aagaard, Managing Director, GCEX Denmark adds, “Being a Danish authorised entity gives further credibility to our offering. We are now looking at expanding our operations in Denmark and will be growing our team across all functions.”
GCEX offers a wide range of products and technology solutions including White Labels. Its ‘Crypto In A Box’ plug and play solution comprises of a technology-agnostic platform which covers regulation, custody, safety of funds, liquidity and technology (both back end and front end). GCEX’s unparalleled suite of integrated trading technology includes AI applications, allowing clients to automate onboarding, offer and trade digital assets, FX & CFD Indices, with deep streaming liquidity and solutions for clearing.
The Future of Digital Brokerage. The Future of Digital Assets.
The content of this website is for professional and institutional clients only. It is not directed to Retail Clients or residents of any jurisdiction where trading in FX, CFDs and/or digital assets is restricted or prohibited by local laws or regulations. FX and CFDs are leveraged products that can result in losses exceeding your deposit. Trading of these products and digital assets carry a high level of risk, and may not be suitable for everyone. Before deciding to trade you should carefully consider your objectives, financial situation, level of experience and risk appetite.
GCEX is a trading name of GC Exchange Limited a company incorporated in England and Wales (No11382809) with registered address at 75 King William Street, London. EC4N 7BE. GC Exchange Limited is authorised and regulated by the Financial Conduct Authority (FRN 828730). Digital asset services are provided by GC Exchange A/S, a company incorporated in Denmark (CVR 43088777) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange A/S is authorised by the Danish Financial Supervisory Authority as a Currency Exchange (FTID 45020) and registered as a Virtual Asset Service Provider (FTID 17524) under the AML regulation.