GCEX Hires Michael Aagaard as MD to Strengthen Denmark Operations

GCEX, with headquarters in London, announced on Friday the appointment of Michael Aagaard as the company’s new Managing Director for its operations in Denmark.

The press release shared with Finance Magnates detailed that Aagaard will oversee all activities of the company out of its Danish base and will focus on growing the team in Copenhagen. Additionally, he will work toward the planning of the company’s strategic growth.

“This is a significant hire for GCEX,” said Lars Holst, the Founder and CEO of GCEX.

“Michael brings extensive experience in FX and digital assets to our firm. I have every confidence that he is the ideal candidate to head up our operations in Denmark and play a major role in enabling us to achieve our ambitious growth plans.”

A Former Saxo Executive

Indeed, Aagaard comes with more than two decades of industry experience. Most recently, he worked with Oanda as a Digital Assets Consultant, but there he provided services as a Contractor.

His most prominent presence in the trading industry was his more than 19 years-long tenure at Saxo. He joined Copenhagen-based Saxo in July 2002 and climbed the corporate ladder over the years to part as the Head of Foreign Exchange in late 2021.

“This is a great opportunity for me as I embark on the next stage of my career,” Aagaard said. “I wanted to remain in the digital assets space but also be part of an organization with an entrepreneurial spirit. GCEX ticks all the boxes, and I am looking forward to contributing to the firm’s ongoing success and working closely with the GCEX team globally.”

Established in 2018, GCEX is trying to become a big name in the forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and cryptocurrency liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term space. It is headquartered in London but has a physical presence in Denmark, Scotland and Malaysia.

The company recently published its first full-year financials for 2021, showing a total turnover of £1.89 million along with an operating profit of £1.42 million.