GCEX, a London-based digital prime broker, has secured a full Markets in Crypto-Assets (MiCA) licence from the Danish Financial Supervisory Authority, granting regulated access to institutional and professional clients across the European Union.

Post-Brexit, UK-based crypto firms need EU authorisation to legally operate across the bloc. The Danish approval enables GCEX to offer cryptocurrency-related services across the EU under the MiCA framework.

Michael Aagaard, Managing Director at GCEX
Michael Aagaard, Managing Director, GCEX

“Achieving our MiCA licence underscores our long-standing dedication to regulatory compliance and transparency,” said Michael Aagaard, Managing Director of GCEX’s Danish entity, GC Exchange A/S. “With MiCA in place, we are able to provide our clients across the EU with the assurance that they are operating within a fully regulated framework.”

The Danish licence strengthens GCEX’s multi-jurisdictional strategy. With prior approvals from the UK FCA and Dubai’s VARA, MiCA now expands its EU reach.

GCEX operates as a digital prime broker for institutional clients, offering a white-label crypto prime brokerage solution covering liquidity, risk management, and back-office infrastructure. The MiCA licence enables the firm to expand this offering across Europe as demand for regulated digital asset services continues to grow.

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Part of a Broader Shift toward Regulated Crypto Infrastructure

GCEX’s approval comes as MiCA licensing gathers pace across Europe, marking a broader shift toward regulated crypto market infrastructure. A growing number of global crypto firms are securing EU authorisations.

Recent approvals include Kraken, which activated its MiCA licence through the Central Bank of Ireland, and KuCoin’s European unit, authorised in Austria.

For the industry, MiCA represents a structural change rather than a compliance formality. The framework introduces a single regulatory standard for crypto-asset service providers across the EU, enabling firms licensed in one member state to passport services throughout the bloc while remaining subject to ongoing supervision by their home regulator.

As a result, MiCA is increasingly viewed as a prerequisite for institutional participation, reshaping how crypto brokers, liquidity providers, and infrastructure firms approach the European market.

Source: Finance Magnates