GCEX's Dubai Unit Adds Mohammed Mulla to the Board

GC Exchange FZE, the Dubai-based entity of GCEX Group, has appointed Mohammed A. Mulla as a board member, following his departure from Finalto after more than 16 years. The unit operates as a Virtual Asset Service Provider regulated by Dubai’s Virtual Assets Regulatory Authority (VARA) and is authorised as a broker-dealer. GCEX Group provides institutional and professional clients with liquidity in CFDs on digital assets and FX, alongside spot trading and digital asset conversion. Its XplorDigital suite includes a recently launched app and packaged offerings covering custody, staking, liquidity and risk management. GCEX is headquartered in London with offices across multiple jurisdictions, and True Global Ventures is among its investors.

Mulla was the founding Vice President for MENA and Asia at Finalto, then known as CFH, where the company said he contributed approximately USD 2 trillion in STP trading volumes. In 2019, he established Noor Clearing, a partnership between Finalto and Noor Capital PSC that coincided with Noor Capital’s shift from UAE Central Bank regulation to oversight by the Securities and Commodities Authority. His capital markets career began in 2007 as a sales associate for EMEA at ODL Securities in the UK, following an earlier stint as an auditor at Ernst & Young in Saudi Arabia. He holds an MSc in International Finance from Westminster Business School and securities and regulation certificates from the Chartered Institute for Securities & Investments.

Lars Holst, founder and CEO of GCEX, cited his working history with Mulla in the appointment: “Having worked with Mohammed since the inception of CFH for almost a decade and having followed his career ever since, he brings significant regional acumen and an established network.” The appointment comes amid a broader hiring push in the region. GCEX brought on Carmen Tan as Managing Director for MENA operations in January, recruiting her from CoinW Exchange where she had served as Chief Communications Officer. Tan’s mandate covers both the VARA-regulated Dubai entity and business development across Asia. GCEX’s Dubai operation received an MVP preparatory licence from VARA in February 2023 and a full operational VASP licence that November, allowing it to operate a client money account—a first in the region according to the firm. The Dubai licence complements GCEX’s UK FCA authorisation and a MiCA licence from Denmark’s Finanstilsynet, obtained in December 2025.