Exclusive: GCEX Enhances Crypto Offering with Six New Additions

FCA-regulated GCEX, which provides crypto and forex 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, has enhanced its offerings with the addition of six new cryptocurrencies, Finance Magnets learned exclusively.

The newly added digital currencies are Avax (AVX), Moonbeam (GLM), Luna (LUN), Matic (MAT), Solana (SOL) and Kusama (KSM). According to GCEX, the platform has made these additions in response to client demand.

“We have expanded our product offering in line with market trends. We select our new products very carefully, with AML checks on all new coins that we introduce,” GCEX’s Founder and CEO, Lars Holst told Finance Magnates.

Expansion

GCEX was founded in 2018 and is headquartered in London. Its primary aim is to bridge the gap between institutional investors and cryptocurrency, targeting four areas: counterparty risk, transparency, custody and technology integration.

It secured $4 million in funding earlier this year and is now expanding its global presence. It opened an office in Malaysia in February as a strategic move to strengthen its round-the-clock coverage and enhance its service for the rapidly growing client base in Asia. Apart from London and Malaysia, the company has a physical presence in Scotland and Copenhagen.

Additionally, GCEX partnered with Hybrid Solutions, the provider of trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term VertexFX, recently to broaden its offerings to its clients. The platform has a wide reach in the Middle East and the Asian markets that will enhance GCEX’s services in those regions as well.

Furthermore, the company is focused on enhancing the number of products with plans of adding more in the future.

“We currently have around 20 crypto products across various protocols and aim to add more instruments in the very near future,” Holst added.