GCEX Reports Solid Performance in Full Year 2021

Fazzaco learned that GCEX, an FCA regulated digital brokerage which enables brokers, funds and professional traders to access deep liquidity in digital assets and FX, has released its financials for the year of 2021, ending on 31 December.

More specifically, the brokerage reported a turnover of £1,889,358 in 2021. Operating profits for this year came in at £1,421,206. Additionally, client balances stood at £15.5 million, compared to the prior year's £1.0 million.

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​According to the official press release, GCEX plans to reinvest the profits to continue to develop a strong net capital position which will allow for continued investment in its trading platform technology and will enable the companys to source increased liquidity for its client base. 

GCEX has experienced a rapid expansion in 2022. Earlier this year, True Global Ventures 4 Plus (TGV4 Plus) Fund has invested US$4 million into GCEX. The investment is expected to drive GCEX's rapid growth trajectory while adhering to regulatory requirements and best practices. Moreover, it expanded its global footprint with a new office in Kuala Lumpur in February. The company's expansion in Malaysia will strengthen its 24/7 coverage and its services for its growing Asian client base. The company also built partnerships with Hybrid Solutions and Centroid Solutions to increase access to its liquidity and extend presence.