Centroid Solutions, a technology provider in the trading industry, has partnered with FCA-regulated GCEX to broaden its forex and digital asset liquidity.
According to the announcement on Wednesday, Centroid will integrate cryptocurrency and forex liquidity provided by GCEX. It includes liquidity of more than 20 different crypto products as spot and contract for differences (CFDs). Finance Magnates recently reported that GCEX broadened its crypto offerings with the addition of six new digital currencies.
“Adding GCEX as one of our Liquidity Provider partners for both FX and cryptocurrencies benefits our clients,” the CEO of Centroid Solutions, Cristian Vlasceanu said.
“In our experience, it is rare to find a single LP with such a strong, broad and cost-efficient value proposition. Our clients are increasingly looking at adding cryptos as an additional asset class to their offering, and we believe they will welcome having easy access to GCEX’s high-quality liquidity through our Centroid Bridge connectivity engine.”
Meeting the Liquidity Demand
GCEX was founded in 2018 and is headquartered in London. Its primary aim is to bridge the gap between institutional investors and cryptocurrency, targeting four areas: counterparty risk, transparency, custody and technology integration.
Meanwhile, several trading industry players are integrating Centroid Solutions to enhance their services. Late last year, Devexperts and IG Group partnered with Centroid, which also integrated liquidity from CMC Markets.
Commenting on the latest partnership, the Founder and CEO of GCEX, Lars Holst said: “We are delighted to partner with Centroid Solutions. They have a growing global client base, particularly in the Middle East, and we look forward to providing their clients with access to our liquidity, whether they choose digital assets, FX or both.”
