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Copenhagen-based digital prime brokerage GCEX Group has announced a liquidity partnership with Cumberland, a global digital asset market maker, aimed at improving spot cryptoasset execution quality for institutional and professional clients.
The partnership will integrate Cumberland's spot crypto liquidity into GCEX's execution infrastructure, with the stated objective of delivering tighter spreads and access to a deeper liquidity pool through a regulated prime brokerage structure.
GCEX clients will be able to access the liquidity through XplorSpot, GCEX's proprietary crypto-native trading platform, or directly via API. GCEX is a regulated digital prime brokerage providing institutional and professional clients with access to digital asset and FX markets.
Cumberland, which operates as a subsidiary of trading firm DRW, is one of the more established names in institutional crypto market making and has been active in the digital asset space for over a decade.
Lars Holst, Chief Executive Officer, GCEX Group
Lars Holst, Chief Executive Officer, GCEX Group said:
“We are seeing consistent and growing demand for institutional-grade digital asset liquidity. Our partnership with Cumberland, one of the most recognised names in crypto market making, reflects our commitment to connecting clients with deep and reliable liquidity sources available, within a regulated and transparent structure.”
Rob Strebel, Head of Relationship Management, DRW
Rob Strebel, Head of Relationship Management, DRW commented:
"DRW Cumberland is proud to bring our crypto liquidity to European institutional clients through GCEX's XplorSpot, a world-class, MiCA-regulated Crypto Asset Service Provider. Europe is a rapidly evolving crypto market with a well-established base of innovative institutional participants. As we expand in the region to meet growing institutional demand, this collaboration ensures GCEX's clients can access our deep, reliable liquidity through a trusted, regulated environment."
GCEX Group's broader product suite, XplorDigital, includes its XplorDigital App alongside plug-and-play solutions marketed as 'Crypto in a Box' and 'Broker in a Box', covering areas including staking, risk management, and institutional liquidity connectivity.
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