Get Custom Quotes, Info & More from Multiple Providers At Once.
Liquidity Finder
April 21, 2023

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.”



 

Categories:
Tags:
Require Some Guidance in Finding The Right Provider?

Let One of Our Experts Help!

Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!

Get Started

LiquidityFinder

LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.

Be First To Comment.
Featured News on LiquidityFinder
Latest News on LiquidityFinder

To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.

LiquidityFinder & Our Partners

Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.