GC Exchange FZE (GCEX), part of the GCEX Group, has named Saeed Al Darmaki as Non-Executive Director for the UAE region.
Saeed Al Darmaki brings extensive connections and experience in the digital asset industry. He will focus on driving growth for GCEX, which holds an Operational Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
A prominent figure in the UAE’s blockchain and cryptocurrency sectors, Al Darmaki is the CEO of Sheesha Finance and co-founder of Alphabit investment fund. His career began in traditional finance at the Abu Dhabi Investment Authority (ADIA) for nine years. He has held several advisory and Board Director roles, aiding in the scaling of innovative businesses.
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 significant asset to GCEX, enabling us to maximize growth opportunities and reach our potential in the region.”
Saeed Al Darmaki expressed his enthusiasm, saying, “This is a great opportunity for me to extend my contribution to the crypto ecosystem in the region. I have known the GCEX team and their investors, True Global Ventures, for a while, and they meet my criteria for credibility, integrity, and growth ambitions. I am confident that my trad-fi and de-fi experience and network, alongside my understanding of the local infrastructure, will add value to the business.”
GCEX opened its Dubai office in July 2022, providing institutional and professional clients with deep liquidity on digital assets, alongside trading and conversion services. GCEX accepts AED and SAR, in addition to many other fiat and cryptocurrencies. Focusing on client protection, GCEX partners only with regulated institutional digital custodians and staking providers and segregates all client funds in Client Money Accounts.
Headquartered in London, with multiple global offices, GCEX is regulated by the UK’s FCA, registered with the Danish FSA as a VASP and currency exchange, and regulated as a VASP by VARA. True Global Ventures are investors in GCEX.
The post GCEX Dubai Appoints Saeed Al Darmaki as Non-Executive Director appeared first on UNLOCK Blockchain.