Exclusive: GCEX Enhances Crypto Offering with Six New Additions

Monday, 11/04/2022 | 08:45 GMT by Arnab Shome
  • The platform currently offers around 20 crypto products.
  • It came with increased demand from its client base.
Cryptocurrency
FM

FCA-regulated GCEX, which provides crypto and forex liquidity , 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 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.

FCA-regulated GCEX, which provides crypto and forex liquidity , 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 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.

About the Author: Arnab Shome
Arnab Shome
  • 6365 Articles
  • 80 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6365 Articles
  • 80 Followers

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