GlobalBlock, part of the GCEX Group, has launched its UK crypto
offering. The service provides professional clients with access to crypto
trading, portfolio tools and settlement solutions under the UK’s financial
promotions regime.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)
GCEX Group acquired GlobalBlock last year to expand the digital prime broker’s reach into wealth
management for high-net-worth clients. The acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term moved GCEX beyond its
traditional over-the-counter trading business into managing digital assets for
affluent investors.
In Wednesday's announcement, the digital prime broker said the latest move would help it combine its regulatory licenses
in the UK, Denmark and Dubai with GlobalBlock’s established crypto-focused
client base.
FCA Approval and Regulatory Scope
“Having GlobalBlock's UK financial promotions approved by
Archax, alongside our MiCA authorisation, VARA licence and FCA registration for
FX and CFDs, reflects the multi-jurisdictional regulatory framework within
which different GCEX Group entities operate,” commented Lars Holst, the Founder and CEO of
GCEX Group.
Keep reading: GCEX Group Buys GlobalBlock to Expand Wealth Management Services
Before the acquisition, GlobalBlock, co-founded by David
Thomas, had carved out a niche serving wealthy individuals seeking direct
crypto exposure. The firm offered AI-driven fund management tools, including
its GB10 portfolio tracking the top ten cryptocurrencies by market
capitalization, and provided customized trading strategies through its mobile
app.
Commenting about the move Thomas said: “Backed by GCEX Group’s depth of relationships, 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
and infrastructure, GlobalBlock can now deliver that proposition at scale,
within a framework designed to meet UK financial promotions requirements and
supported by GCEX Group’s regulated entities and controls in relevant
jurisdictions.”
Expansion Under GCEX Integration
The FCA-authorized firm Archax Limited approved
GlobalBlock’s crypto asset financial promotions, allowing the company to
communicate its services to UK audiences. While crypto assets themselves remain
unregulated in the UK, this approval ensures GlobalBlock operates within the
FCA’s promotion rules.
Since the acquisition, GCEX has been expanding its
commodities and digital assets shelf with a gold-focused push. It added tokenized
gold trading just two months after rolling out gold futures CFDs for
institutional and professional clients.
The prime brokerage now offers on-chain access to Pax Gold
(PAXG) and Tether Gold (XAUt) against USDC, USDT and USD, alongside CFD
equivalents that give price exposure to gold without requiring clients to hold
the tokens directly.
GlobalBlock, part of the GCEX Group, has launched its UK crypto
offering. The service provides professional clients with access to crypto
trading, portfolio tools and settlement solutions under the UK’s financial
promotions regime.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)
GCEX Group acquired GlobalBlock last year to expand the digital prime broker’s reach into wealth
management for high-net-worth clients. The acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term moved GCEX beyond its
traditional over-the-counter trading business into managing digital assets for
affluent investors.
In Wednesday's announcement, the digital prime broker said the latest move would help it combine its regulatory licenses
in the UK, Denmark and Dubai with GlobalBlock’s established crypto-focused
client base.
FCA Approval and Regulatory Scope
“Having GlobalBlock's UK financial promotions approved by
Archax, alongside our MiCA authorisation, VARA licence and FCA registration for
FX and CFDs, reflects the multi-jurisdictional regulatory framework within
which different GCEX Group entities operate,” commented Lars Holst, the Founder and CEO of
GCEX Group.
Keep reading: GCEX Group Buys GlobalBlock to Expand Wealth Management Services
Before the acquisition, GlobalBlock, co-founded by David
Thomas, had carved out a niche serving wealthy individuals seeking direct
crypto exposure. The firm offered AI-driven fund management tools, including
its GB10 portfolio tracking the top ten cryptocurrencies by market
capitalization, and provided customized trading strategies through its mobile
app.
Commenting about the move Thomas said: “Backed by GCEX Group’s depth of relationships, 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
and infrastructure, GlobalBlock can now deliver that proposition at scale,
within a framework designed to meet UK financial promotions requirements and
supported by GCEX Group’s regulated entities and controls in relevant
jurisdictions.”
Expansion Under GCEX Integration
The FCA-authorized firm Archax Limited approved
GlobalBlock’s crypto asset financial promotions, allowing the company to
communicate its services to UK audiences. While crypto assets themselves remain
unregulated in the UK, this approval ensures GlobalBlock operates within the
FCA’s promotion rules.
Since the acquisition, GCEX has been expanding its
commodities and digital assets shelf with a gold-focused push. It added tokenized
gold trading just two months after rolling out gold futures CFDs for
institutional and professional clients.
The prime brokerage now offers on-chain access to Pax Gold
(PAXG) and Tether Gold (XAUt) against USDC, USDT and USD, alongside CFD
equivalents that give price exposure to gold without requiring clients to hold
the tokens directly.
