GCEX Reports Rapid Growth, with £4.5m Turnover and Net Profit of £1.5m
Results for last their financial year confirm a 136% increase in turnover for the 12 month’ period ending on 31 December 2022.
April 21, 2023 - GCEX, a prime brokerage in several jurisdictions that enables brokers, fund managers, hedge funds and professional traders to access liquidity in FX and digital assets, announced their financial results, showing growth for the second successive year.
Turnover for y/e 31 December 2022, the firm’s second full year of trading, was reported at £4.5m (2021 16-month period was £1.9m) with a net profit of £1.5m.
Headquartered in London, GCEX Group, has continued to grow its team over the last financial year and has also expanded its global footprint in Dubai, launched XplorDigital trading solutions, introduced 24/7 FX trading, and broadened its product offering.
In addition to FX liquidity, institutional and professional clients have access to over 40 different crypto products as spot or CFDs and partnerships with Tier 1 Liquidity Providers and digital asset custody solutions.
Lars Holst, Founder and CEO, GCEX commented, “2022 was an extremely successful year for GCEX as we continued to experience rapid growth despite the challenges faced by the industry towards the end of the year. Our strong financial results highlight that we are a trusted provider, with robust technology and a compelling offering."
“We are reinvesting our profits in the business in order to continue our international expansion, further develop our proprietary XplorDigital solutions and evolve our offering for our global client base. We have ambitious growth plans and will be making a series of strategic announcements over the coming months.”
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