GCEX Dubai Appoints Saeed Al Darmaki as Non-Exec Director

4 July 2024 - GC Exchange FZE (GCEX), part of the GCEX Group, 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.

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 regulated as a VASP by VARA. True Global Ventures are investors in GCEX.