GCEX Group subsidiary goes live with OTC execution, portfolio solutions, and settlement tools for UK clients, using Archax’s Section 21 approval service to comply with the FCA’s cryptoasset financial promotions regime.
GCEX
The London-headquartered firm now offers Pax Gold and Tether Gold paired against USD and stablecoins, with clients choosing between direct on-chain ownership and USD-settled CFDs.
The strategy lets investors generate yield, without being reliant on the price of Bitcoin or other cryptocurrencies.
GC Exchange A/S (GCEX) has launched gold futures contracts for difference (CFDs), adding a new instrument to its multi-asset trading range for institutional and professional clients.
GCEX has bought a crypto asset manager, is expanding into APAC and Africa, with other plans to grow in the UK.
Thomas worked with GCEX Founder Lars Holst when he was at Saxo Bank. He also spent almost two decades at Hotspot FX.
GlobalBlock is profitable and has over $60m in AUM. GCEX says the acquisition will expand its client base in the HNWI sector.
GCEX said its partnership with OpenPayd is part of its efforts to improve access to payments services that are secure and well-regulated.
Gillespie will be tasked with growing the GCEX business among brokers, professional investors, and other institutional clients.
GCEX clients can now access different oil, metals, and natural gas products, all tradable as CFDs. GCEX also offers tech solutions to brokers.