Digital prime broker GC Exchange A/S (GCEX) has received a Markets in Crypto-Assets (MiCA) license from the Danish Financial Supervisory Authority (FSA).
The new license allows the firm to provide regulated crypto-asset services to institutional and professional clients across the European Union.
The authorization places GCEX under the EU’s new MiCA regulatory framework, which is a single set of rules for crypto-asset service providers operating across member states.
With the license, GCEX can expand the distribution of its digital asset products throughout the EU under a harmonized regulatory regime.
Michael Aagaard, Managing Director of GCEX, said: “Achieving our MiCA license underscores our long-standing dedication to regulatory compliance and transparency.
“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.”
MiCA is the first pan-European regulatory framework designed specifically for crypto assets, aiming to provide regulatory clarity, improve market integrity, and enhance protections for market participants.
GCEX said the license supports its strategy of offering regulated products that connect traditional financial markets with digital assets.
GCEX already holds regulatory approvals in multiple jurisdictions.
In addition to its MiCA authorization from the Danish FSA, the company is registered in Denmark as a crypto-asset service provider and currency exchange, and holds a Virtual Asset Service Provider license from Dubai’s Virtual Assets Regulatory Authority (VARA). The firm is also regulated by the UK’s Financial Conduct Authority (FCA).
The company provides trading and technology solutions to institutional and professional clients through several channels, including its XplorDigital platform.
The offering includes a range of services such as liquidity access, risk management, analytics, reporting, and white-label solutions designed for digital asset and foreign exchange trading.
Founded in 2018 and headquartered in London, GCEX operates offices in multiple regions and works with liquidity providers, counterparties, and regulated digital custody institutions. The company recently expanded its offering through the acquisition of crypto broker GlobalBlock.
GCEX said the MiCA license strengthens its regulatory footprint in Europe as the firm continues to expand its institutional-focused digital asset services.
In September, the group strengthened its UK/EMEA sales and business development team with the appointment of experienced sales veteran Steve Thomas to a senior distribution role.
