Cryptocurrency Broker GlobalBlock Agreed to Combine with Helix Applications

Fazzaco learned that, GlobalBlock, a fast-growing, UK-based digital asset broker, has agreed to a business combination with technology company Helix Applications. The latest partnership aims to facilitate clients in portfolio diversification, as well as expand its services.

As detailed in the official announcement, Helix has acquired £32 million worth of shares in GlobalBlock, subject to regulatory and stock exchange approval.

Helix has been in discussions with the company since March 2021. According to the latest deal, Helix will change its name and the company will provide cryptocurrency trading services through GlobalBlock’s digital asset trading platform and mobile app under the new entity.

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Commenting on this news, Karl Thompson, Co-Founder of GlobalBlock, said, “Having founded and built successful customer-centric businesses in the investment and trading industry and now the cryptocurrency space, we are very excited about combining GlobalBlock with Helix. Our aim is to propel our growth and become a leader in the provision of digital asset trading services. We take customer service and protection incredibly seriously, understanding the value of focusing on a hand-holding approach for our clients, especially as we are still at an early stage of digital asset adoption.”