Exclusive: GCEX posts £1.3M profit on £1.9M revenue in first full year of operation
GCEX plans to reinvest profits in trading platform technology, and to source increased liquidity for its client base.
GCEX plans to reinvest profits in trading platform technology, and to source increased liquidity for its client base.
The partnership sees GCEX’s crypto and FX liquidity integrated with Centroid Solutions’ technology.
GCEX will increase its reach in MENA and Asia, providing liquidity to the VertexFX community of brokers and professional traders.
Juan Scarabino spent 11 years at London based Retail FX broker ActivTrades from 2008-2019, serving as Group CFO.
GCEX CEO Lars Holst: “We selected Kuala Lumpur as our Asia hub as we believe it is one of the Fintech capitals of Asia.”
GCEX is a regulated digital brokerage which enables brokers, funds and professional traders to access deep liquidity in digital assets and FX.
The moves in crypto come on a day when equity markets are also selling off hard, with the Dow Jones down 1.6%.
Brokers using the Devexperts platform DXtrade can seamlessly get access to FX, Crypto, and digital assets liquidity from GCEX.
Jesper Ronald Petersen spent more than 30 years at Danske Bank, serving as Global Head of Financial Institutions.
It was a holiday-shortened trading week, which also meant a relatively quiet week of Forex Industry News.