Lars Holst’s GCEX has entered the trading technology space with the launch of two proprietary trading platforms, XplorSpot and XplorTrader. Both platforms are part of the company’s XplorDigital trading solutions and targeted toward brokers, fund managers, hedge funds, and professional traders.
GCEX Offers XplorDigital
According to the press release shared with Finance Magnates, the two trading platforms are aimed at two sets of industries. XplorSpot is a digital asset trading platform developed to serve institutional and professional clients. It will also allow on- and off-ramp digital assets.
On the other hand, XplorTrader is for margin forex and contracts for differences trading. The platform brings improved features like clients monitoring positions, placing orders, and maintaining platform depth.
“The introduction of XplorDigital and our new platforms is a major step forward for GCEX, propelling us to the next level,” said Holst, the Founder and CEO of GCEX.
“At GCEX, we continually invest in and develop our technology in order to maintain our market leadership position and enhance our institutional clients’ experience through easy-to-use solutions, enabling them to deliver on their business objectives.”
Plug-and-Play Solutions
GCEX was established in 2018 and enables brokers, hedge funds, and professional traders to access deep liquidity in FX and digital assets as well as offering a range of technology solutions. With the latest XplorDigital trading solutions, the company has brought ‘Crypto In A Box’ and ‘Broker In A Box’ plug-and-play solutions.
The new GCEX solutions resulted from increased demand for such products among players in the trading space.
“Adding a crypto-native platform to our technology offering is particularly significant and puts us at the forefront of the industry in terms of our technology offering. In fact, we believe XplorSpot is one of the first crypto-native platforms, specifically developed for institutional trading,” said the Managing Director at GCEX, Michael Aagaard.
“We continue to see increased interest in digital assets from our rapidly growing global client base and remain committed to investing in technology and delivering state-of-the-art institutional-focused products.”
Meanwhile, GCEX is expanding aggressively geographically. Now, the company has a presence in the United Kingdom, Europe, the Middle East, and Asia. It operates with a UK license and obtained two more regulatory licenses in Denmark.
Last year, GCEX received $4 million in funding from True Global Ventures 4 Plus Fund (TGV4 Plus), primarily investing in serial entrepreneurs. The company used the capital to grow its global footprint. It generated a total turnover of £1.89 million and an operating profit of £1.42 million in 2021.
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