GCEX Has a Successful First Year of Trading

GCEX, an FCA-regulated digital brokerage, revealed its financial results for its first full year of operation today.

During the previous fiscal year, which concluded on December 31, 2021, the firm generated £1.89 million in revenue and £1.42 million in earnings.

GCEX will also expand its worldwide reach in 2021. The London-based corporation expanded its 24/7 coverage by opening an office in Kuala Lumpur, investing in its technological infrastructure, and broadening its product offering. In addition to FX liquidity, GCEX customers may now trade over 20 other crypto products as spot or CFDs.

GCEX has enhanced its relationships with Tier 1 Liquidity Providers, loan counterparties, and digital custody asset solutions.

GCEX Founder and CEO Lars Holst said, “20/21 was a revolutionary year for GCEX, and we saw significant development.” Increasing our market share and a wider adoption of digital assets have contributed to our good financial achievements.

The money we make will be reinvested to help us maintain a healthy net capital position, which will enable us to keep improving our trading platform and finding new sources of liquidity for our customers.True Global Ventures 4 Plus (TGV4 Plus) invested $US 4 million in us in December 2021, allowing us to improve our equity position and accelerate our expansion. We have aggressive expansion ambitions and will make several important announcements in the coming months.