GCEX adds 18 tokens to ‘Crypto In a Box’ solution for brokers, funds and professional traders
The ‘Crypto in a Box’ solution allows brokers to automate on-boarding, offer and trade digital assets, FX & CFD Indices, with deep streaming liquidity and solutions for clearing, the firm stated.
FCA regulated digital brokerage GCEX has “virtually” doubled its crypto offering, with the addition of 18 new tokens.
Enabling brokers, funds and professional traders to access deep liquidity in digital assets and FX, GCEX is rapidly expanding, with growing demand for its modular end-to-end plug and play trading platform.
The ‘Crypto In A Box’ solution comprises a technology-agnostic platform which covers regulation, custody, safety of funds, liquidity and technology (both backend and frontend).
The trading technology allows brokers to automate on-boarding, offer and trade digital assets, FX & CFD Indices, with deep streaming liquidity and solutions for clearing, the firm stated.
As to the crypto offering, the addition of 18 new tokens brings the total number of coins and tokens available from GCEX to 41. The new lineup features Sandbox (SAND), Decentraland (MANA), Binance USD (BUSD), Dai (DAI) and FTX (FTT).
Lars Holst, Founder and Chief Executive Officer at GCEX commented: “We are continuing to grow our digital assets offering and have a wide selection of coins and tokens for clients to choose from. These have all been carefully selected and all satisfy our stringent requirements for being fully compliant.”
“Adding SAND and MANA is particularly significant as these crypto tokens are linked to their respective Meta universes and are in increasing demand by the investor community. We selected SAND, for example, to support the fast growing community around The Sandbox projects. We believe our latest product additions put us at the forefront of the industry in terms of our digital asset offering for professional clients.”
GCEX was founded in 2018 and is partnered with Tier 1 and trusted liquidity providers, lending counterparties and digital custody institutions to ensure a best-of-breed digital asset and FX platform. GCEX offers a wide range of products and technology solutions including White Labels.
Earlier this month, GCEX appointed Michael Aagaard, who landed at the FCA-regulated firm coming from FX brokerage firm OANDA. During his short stint as a digital asset consultant, he played an active role in OANDA’s digital asset product development process, advising on overall strategy and develop connectivity to services providers within the cryptocurrency ecosystem. Aagaard also held a variety of executive positions during his 20 years with Saxo Bank.
GCEX (GC Exchange Limited) has four locations worldwide including Malaysia, Scotland, Denmark, and London, where it is headquartered. Its office in Copenhagen, which opened in September 2021, already has a team of six people.