GCEX, an FCA-regulated crypto and forex liquidity provider, announced on Wednesday its partnership with Hybrid Solutions, the provider of trading platform VertexFX. This step was taken to broaden the reach of the company’s liquidity .
Hybrid Solutions’ VertexFX facilitates trading on forex, stocks, bullion and cryptocurrency markets. It was founded in 2002 and is in high demand among market makers and brokers.
The platform has a wide reach in the Middle East and Asian markets that will enhance GCEX’s services in those regions as well.
“GCEX is incredibly pleased to be collaborating with Hybrid Solutions - a leading platform provider for Middle Eastern and Asian-based clients,” said Lars Holst, GCEX’s Founder and CEO.
“This move will give VertexFX clients more options and direct access to institutional liquidity from some of the world's most respected banks and liquidity providers, which is always a positive for the traders managing their assets. We look forward to an exciting period of collaboration with Hybrid Solutions.”
A Major Liquidity Provider
Headquartered in London, GCEX is bridging the gap between institutional investors and cryptocurrency. Its services particularly target four areas: counterparty risk, transparency, custody and technology integration.
The company received $4 million in funding earlier this year and is using the proceeds in expansion. It opened a new office in Malaysia recently after establishing an office in Copenhagen in September 2021. Apart from its London headquarters, it also has an officer in Scotland.
“We are pleased with this collaboration, and we are positive that this partnership will add mutual value to our businesses,” said the CEO of Hybrid Solutions, Akram Majed.
“GCEX is one of the well-established names in the business, especially in the liquidity field. We are hoping that this collaboration will open up a new customer base for their business.”
