GC Exchange FZE (GCEX), the UAE arm of FX and digital assets institutional brokerage GCEX Group, has announced that it has appointed Saeed Al Darmaki as Non-Executive Director for the UAE region.
Saeed Al Darmaki brings a wealth of connections and significant experience of the digital asset industry in the region. His focus will be on driving growth for GCEX, which has an Operational Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA).
Saeed Al Darmaki is a prominent figure in the UAE’s blockchain and cryptocurrency industries. He is CEO of Sheesha Finance and co-founder of the Alphabit investment fund. He began his career in traditional finance, working at the Abu Dhabi Investment Authority (ADIA) for nine years, and has subsequently held a number of advisory and Board Director roles, playing a key role in helping innovative businesses scale.
Mehtap Önder, Managing Director, GCEX Dubai:
“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:
“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 opened its Dubai office in July 2022, empowering institutional and professional clients to access deep liquidity on digital assets, alongside trading and conversion of digital assets – GCEX accepts AED and SAR, alongside many 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.
About GCEX
Founded in 2018 by former CFH Clearing (now Finalto) co-founder and CEO Lars Holst, GCEX Group empowers institutional and professional clients to access deep liquidity in CFDs on digital assets and FX, alongside spot trading and conversion of digital assets. The company also offers a comprehensive range of Forex brokerage and crypto-native technology solutions under its XplorDigital suite. XplorDigital features innovative plug-and-play solutions, ‘Crypto in a Box’ and ‘Broker in a Box’ which encompass technology-agnostic platforms addressing regulation while covering regulated custody solutions, staking solutions, safety of funds, tier 1 and deep liquidity, connectivity to the biggest price makers, advanced risk management, and innovative technology partnerships.
Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA, registered with the Danish FSA as a VASP and currency exchange and has been granted a Virtual Asset Service Provider license by the Dubai Virtual Assets Regulatory Authority. True Global Ventures are investors in GCEX.
