GCEX, a part of the broader GCEX Group and a digital brokerage that facilitates access to deep liquidity for brokers, funds, and professional traders, has unveiled the release of XplorSpot Lite. This platform allows crypto-fiat conversions on any device through an intuitive interface.

GCEX 's XplorDigital Suite for Institutional Clients

GCEX aims to provide institutional and professional clients with an on-ramp and off-ramp for digital assets, allowing quick and reliable withdrawals and immediate conversions between crypto and fiat.

XplorSpot Lite also grants users access to the full version of XplorSpot, GCEX’s crypto-native platform, designed to streamline processes and enhance operational efficiency for institutional investors 24/7.

Commenting on this launch, Michael Aagaard, the Managing Director at GCEX, said: “XplorSpot Lite is a testament to how GCEX continues to develop proprietary technology in response to the feedback from crypto institutional clients. The platform delivers an extremely easy-to-use interface for conversions to make the process intuitive, fast and efficient.”

Lars Holst, the Founder & CEO at GCEX commented: “This is the time to join the crypto space and our proprietary technology solutions now make it easier for institutional clients to manage their requirements to capitalise on market movements.”

GCEX Group provides institutional and professional clients with access to deep liquidity in FX and CFDs on digital assets. The XplorDigital suite includes plug-and-play solutions like 'Crypto in a Box' and 'Broker in a Box', covering various aspects, such as regulation, custody solutions, staking, safety of funds, liquidity, risk management, and technology partnerships.

Dubai Expansion: GCEX Strengthens Presence with VASP License

Headquartered in London, GCEX is regulated by the UK’s FCA and registered with the Danish FSA as a Virtual Asset Service Provider (VASP) and currency exchange.

Earlier, Finance Magnates reported that GCEX strengthened its presence in the Middle East by obtaining an operational VASP license from Dubai’s Virtual Asset Regulatory Authority. This license has positioned the company to offer virtual asset broker-dealer services in Dubai.

Mehtap Önder, the Managing Director of GCEX in Dubai, emphasized the significance of being a regulated entity in the region. According to Önder, it demonstrates the company's commitment to international standards, robust processes, and a core focus on transparency and investor protection. Obtaining this license is considered a major milestone for GCEX, crucial for the company's growth strategy and enhancing its presence in the region.

The company reported a net profit of £1.5 million in 2022 and expanded its operations to Dubai in July 2022. In the current year, GCEX introduced two proprietary trading platforms, one dedicated to digital assets and the other catering to margin forex and contracts for differences.