FCA-regulated GCEX, which provides crypto and forex liquidity , has enhanced its offerings with the addition of six new cryptocurrencies, Finance Magnets learned exclusively.
The newly added digital currencies are Avax (AVX), Moonbeam (GLM), Luna (LUN), Matic (MAT), Solana (SOL) and Kusama (KSM). According to GCEX, the platform has made these additions in response to client demand.
“We have expanded our product offering in line with market trends. We select our new products very carefully, with AML checks on all new coins that we introduce,” GCEX’s Founder and CEO, Lars Holst told Finance Magnates.
Expansion
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.
It secured $4 million in funding earlier this year and is now expanding its global presence. It opened an office in Malaysia in February as a strategic move to strengthen its round-the-clock coverage and enhance its service for the rapidly growing client base in Asia. Apart from London and Malaysia, the company has a physical presence in Scotland and Copenhagen.
Additionally, GCEX partnered with Hybrid Solutions, the provider of trading platform VertexFX, recently to broaden its offerings to its clients. The platform has a wide reach in the Middle East and the Asian markets that will enhance GCEX’s services in those regions as well.
Furthermore, the company is focused on enhancing the number of products with plans of adding more in the future.
“We currently have around 20 crypto products across various protocols and aim to add more instruments in the very near future,” Holst added.
