GCEX, a prime brokerage for forex and cryptocurrencies led by Lars Holst, announced today (Wednesday) that it is enhancing its offerings with DV Chain, a provider of crypto liquidity and market-making services. Through the latest collaboration, GCEX expects to offer its clients even tighter spreads and reduced execution costs.
The official announcement further highlighted that GCEX will provide enhanced brokerage services for spot cryptocurrency transactions through this partnership.
“As demand for deep liquidity in digital assets from institutional clients continues to rise, this partnership reinforces GCEX’s position as a leading regulated brokerage, delivering superior global crypto CFDs liquidity,” said Michael Aagaard, Managing Director of GCEX.
Indeed, GCEX’s offerings have been designed specifically for institutional clients. The latest liquidity offerings can be accessed on its native platform, XplorSpot, or via API.
“This collaboration allows us to bring our advanced crypto liquidity solutions to a broader audience, helping provide tighter spreads and reduced execution costs,” Michael Rabkin, Global Head of Business Development at DV Chain, said. “Together with GCEX, we are committed to supporting the growing demand for efficient and reliable digital asset trading.”
A Growing Company in FX and Crypto
Headquartered in London, GCEX was established in 2018 by Lars Holst. It offers brokers, hedge funds, and professional traders access to deep liquidity in FX and digital assets and a range of technology solutions.
Over the years, the company expanded its geographical reach and obtained cryptocurrency licenses and registrations in Denmark and Dubai. The company also acquired a Danish license to offer rolling Spot FX and CFDs to institutional clients.
Meanwhile, the UK entity of GCEX closed 2023 with an annual turnover of £2.3 million and a pre-tax loss of £387,429. The company’s turnover almost halved from the previous year’s £4.46 million. It attributed the revenue decline to the long-standing effects of the “crypto winter” and also to the “exceptional growth” of the company in 2022.
GCEX, a prime brokerage for forex and cryptocurrencies led by Lars Holst, announced today (Wednesday) that it is enhancing its offerings with DV Chain, a provider of crypto liquidity and market-making services. Through the latest collaboration, GCEX expects to offer its clients even tighter spreads and reduced execution costs.
The official…
