This mirrors The GCEX digital assets offering, which provides 24/7 crypto trading.
GCEX’s launch in Dubai follows provisional regulatory approval by Dubai’s VARA in April 2022 to operate as a crypto exchange.
GCEX has been granted a Virtual Asset Service Provider license, plus authorisation to provide FX exchange to professional clients.
Alex Iakobachvili had joined B2Broker just four months ago, as was exclusively reported at the time by FNG.
The new products include The Sandbox (SAND), Decentraland (MANA), Binance USD (BUSD), Dai (DAI) and FTX (FTT).
Michael Aagaard is the former Head of Foreign Exchange at Saxo Bank, and served most recently as a Digital Assets Consultant for Oanda.
GCEX plans to reinvest profits in trading platform technology, and to source increased liquidity for its client base.
The partnership sees GCEX’s crypto and FX liquidity integrated with Centroid Solutions’ technology.
GCEX will increase its reach in MENA and Asia, providing liquidity to the VertexFX community of brokers and professional traders.
Juan Scarabino spent 11 years at London based Retail FX broker ActivTrades from 2008-2019, serving as Group CFO.