Devexperts, a financial markets technology provider, announced on Tuesday the integration of the solutions of GCEX, which is a liquidity provider for brokers, funds and other professional traders.
The technology provider detailed that the integration came with a raise in liquidity demand within its brokerage client base. Brokers using Devexperts’ DXtrade platform can now access GCEX liquidity for both FX and crypto.
Commenting on the integration, Jon Light, Devexperts’ Vice President of trading solutions, said: “When you combine Devexperts’ trading platforms with the excellent liquidity GCEX provides, this creates a harmonious offering for all types of brokers covering FX and Crypto.”
The official announcement highlighted that GCEX’s solution will offer liquidity to both crypto spot trading and CFDs trading for FX and crypto.
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Demand for Liquidity Is Increasing
Regulated by the UK’s Financial Conduct Authority (FCA), GCEX’s liquidity offerings range across all traditional financial products, including FX, commodities, CFDs and several crypto-crypto and crypto-fiat cross with major currencies. Additionally, it offers on and off-ramp services for digital assets.
The company has partnered with several financial market players and is using the digital asset custodian and settlement services of many providers like Trustology and Fidelity.
“Besides regulation, security and technology, the cryptocurrency market needs enough liquidity for the institutional participants to come. Our role here is to make this happen. Devexperts has been around for a very long time, and it is great that we can work and integrate with them and the high-end platforms they offer,” GCEX CEO, Lars Holst added.