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GCEX, part of the GCEX Group, has been granted a Markets in Crypto-Assets (MiCA) licence by the Danish Financial Supervisory Authority (FSA), allowing the firm to operate as a regulated crypto-asset service provider across the European Union.
The authorisation places GCEX among the early wave of firms operating under the EU’s new MiCA framework, which is intended to harmonise rules for crypto-asset service providers and strengthen investor protection across member states. GCEX says the licence will support the continued expansion of its digital prime brokerage services to institutional and professional clients in Europe.
“Achieving our MiCA license underscores our long-standing dedication to regulatory compliance and transparency. We have always believed that clear and consistent regulation is the foundation for institutional trust and broader global adoption of digital assets. With MiCA in place, we are able to provide our clients across the EU with the assurance that they are operating in a fully regulated framework.”
– Michael Aagaard, Managing Director, GCEX
– Michael Aagaard, Managing Director, GCEX
MiCA is the first comprehensive, pan-European regime for crypto-asset markets, designed to provide clarity on licensing requirements, conduct of business and safeguarding rules. For GCEX, the licence enables the firm to broaden its regulated crypto product suite while pursuing its stated goal of bridging traditional finance and digital assets.
GCEX is already regulated across multiple jurisdictions. For digital assets, the firm is supervised by the Danish FSA as a crypto-asset service provider (CASP) and currency exchange, and holds a Virtual Asset Service Provider licence from Dubai’s Virtual Assets Regulatory Authority (VARA).
Institutional and professional clients can access GCEX’s trading solutions in several ways, including via its recently launched XplorDigital app, part of the wider XplorDigital trading suite. XplorDigital, which includes the ‘Crypto In A Box’ white-label solution, brings together back office, risk management, credit utilisation, analytics, reporting, account management and a liquidity price engine providing access to tier 1 and deep liquidity, along with connectivity to major price makers.
Founded in 2018, GCEX is a regulated digital prime brokerage offering a digital asset and FX platform to institutional and professional clients. The firm works with tier 1 liquidity providers, counterparties and regulated digital custody institutions, and offers a range of technology and white-label solutions. GCEX recently acquired crypto broker GlobalBlock to extend its wealth offering. Headquartered in London, the group has multiple offices globally and is regulated by the UK’s FCA, registered with the Danish FSA as a CASP and currency exchange, and licensed by VARA in Dubai.
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