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GC Exchange FZE (GCEX), a subsidiary of the GCEX Group, has named Saeed Al Darmaki as Non-Executive Director for its UAE operations.
Al Darmaki, known for his experience in the region's digital asset industry, is expected to focus on growth initiatives for GCEX, which holds an Operational Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Assets Regulatory Authority (VARA).
Currently serving as CEO of Sheesha Finance and co-founder of the Alphabit investment fund, Al Darmaki previously worked at the Abu Dhabi Investment Authority (ADIA) for nine years. He has since held various advisory and board director positions in the blockchain and cryptocurrency sectors.
Mehtap Önder, Managing Director, GCEX Dubai
Mehtap Önder, Managing Director of GCEX Dubai, stated: "We are delighted to welcome Saeed to our Board. With his extensive network, industry expertise and regional experience, he will be a huge asset to GCEX, enabling us to maximise growth opportunities and reach our potential in the region."
Saeed Al Darmaki, Non-Executive Director, GCEX MENA, commented on his appointment: "This is a great opportunity for me to extend my contribution to the crypto ecosystem in the region. I have known the team at GCEX and their investors, True Global Ventures, for a while, and they tick all the boxes for me regarding their credibility and integrity, the experience of their team, their growth ambitions and their commitment to VARA and the UAE. I feel confident that I can add value to the business, using my trad-fi and de-fi experience and network, as well as my in-depth understanding of the local infrastructure."
GCEX established its Dubai office in July 2022, offering institutional and professional clients access to digital asset liquidity and trading services. The company accepts AED and SAR, along with other fiat and cryptocurrencies. With a strong focus on client protection, GCEX has only partnered with regulated institutional digital custodians and staking providers and segregates all client money in Client Money Accounts.
Headquartered in London with global offices, GCEX is regulated by the UK's Financial Conduct Authority, registered with the Danish Financial Supervisory Authority as a VASP and currency exchange, and regulated as a VASP by VARA. True Global Ventures is an investor in the company.
