GCEX Reports Impressive Financial Results Including Operating Profits in First Full Year of Trading
28 April 2022 - GCEX an FCA regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity in digital assets and FX, has announced impressive financial results covering its first full year of trading.
Turnover for y/e 31 December 2021 was reported at £1,889,358, with operating profits of £1,421,206.
Over the last financial year, GCEX has expanded its global footprint, including opening an office in Kuala Lumpur to strengthen its 24/7 coverage, invested inits technology platform, and broadened its product offering. In addition to FX liquidity, GCEX clients can access over 20 different crypto products as spot or CFDs.
The London-headquartered firm has also strengthened partnerships with Tier 1, trusted Liquidity Providers, leading counter parties and digital custody asset solutions.
Lars Holst, Founder and CEO, GCEX added, “20/21 was a transformative period for GCEX and we experienced rapid growth. Our strong financial results reflect bothan increase in our market share and an increased market acceptance of digital assets."
“We plan to reinvest the profits to continue to develop a strong net capital position which will allow for continued investment in our trading platform technology and will enable us to source increased liquidity for our client base. The $US 4 million investment we received from True Global Ventures 4 Plus (TGV4 Plus) in December 2021 also enables us to strengthen our equity position and further accelerate our growth. We have ambitious growth plans and will be making a series of strategic announcements over the coming months.”
GCEX is a pioneering FCA regulated digital brokerage with a best-of-breed digital asset and FX platform. GCEX offers a wide range of products and technology solutions including White Labels. Its ‘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). GCEX’s unparalleled suite of integrated trading technology includes AI applications, allowing brokers to automate onboarding, offer and trade digital assets, FX& CFD Indices, with deep streaming liquidity and solutions for clearing.
