GCEX expands Asia presence with new office in Kuala Lumpur
FCA regulated institutional crypto and FX broker GCEX, fresh off a $4 million capital raise from VC firm TGV, has announced that it has opened an office in Kuala Lumpur.
The expansion into Malaysia enables GCEX to strengthen its 24/7 coverage and enhances its service for its rapidly growing client base in Asia. The first team member in operations has already joined the firm, with four additional hires planned by May 2022.
Lars Holst, Founder and CEO, GCEX, says,
“Expanding our global footprint into Asia is a significant development for GCEX and a key milestone in our growth strategy. We selected Kuala Lumpur as our Asia hub as we believe it is one of the Fintech capitals of Asia, with a strong pool of talent for us to access as we grow the business.
“The investment we received from True Global Ventures (TGV4 Plus) is helping to fuel our expansion, enabling us to capitalise on the growing demand we are seeing for our modular end-to-end plug and play trading platform for digital assets and FX.”
GCEX is headquartered in London, with offices in Scotland and Denmark. Its office in Copenhagen, which opened in September 2021, already has a team of six people. GCEX plans to employ a further three people in Glasgow in the next couple of months to bolster its team of developers in order to advance its technology stack further.
Founded in 2018, GCEX provides a best-of-breed digital asset and FX platform, with partnerships with Tier 1 and trusted liquidity providers, lending counterparties and digital custody asset institutions. The firm’s ground-breaking innovation comes from integrating all the components, resulting in far more than the sum of its parts. GCEX offers a wide range of products and technology solutions including White Labels.
GCEX’s ‘Crypto In A Box’ plug and play solution comprises of a technology-agnostic platform which covers regulation, custody, safety of funds, liquidity and technology (both backend and frontend). Its suite of integrated trading technology includes AI applications, allowing brokers to automate on-boarding, offer and trade digital assets, FX & CFD Indices, with deep streaming liquidity and solutions for clearing.