GCEX revenues decline 48% in 2023 to £2.3M due to “crypto winter”
The GCEX UK entity reported a loss before tax of £387,429 but said it remained committed to its growth objectives.
The GCEX UK entity reported a loss before tax of £387,429 but said it remained committed to its growth objectives.
This mirrors The GCEX digital assets offering, which provides 24/7 crypto trading.
GCEX’s launch in Dubai follows provisional regulatory approval by Dubai’s VARA in April 2022 to operate as a crypto exchange.
GCEX plans to reinvest profits in trading platform technology, and to source increased liquidity for its client base.
GCEX is a regulated digital brokerage which enables brokers, funds and professional traders to access deep liquidity in digital assets and FX.
GCEX has also been temporarily registered in the UK under the Money Laundering Regulations as a crypto-asset business.
Søren Bjerregaard, who headed sales for CFH Clearing for the last 11 years, will become digital asset exchange GCEX’s Sales Director.