Lars Holst’s GCEX Posts First Full-Yr Monetary with £1.42M in Revenue

by Cryptospacey

GCEX, a supplier of foreign exchange and cryptocurrency liquidity, printed its first full-year financials for 2021, ending on December 31. It reported a complete turnover of £1.89 million together with an working revenue of £1.42 million.

“20/21 was a transformative interval for GCEX, and we skilled fast development. Our robust monetary outcomes replicate each a rise in our market share and an elevated market acceptance of digital belongings,” mentioned GCEX’s Founder and CEO, Lars Holst.

He additional revealed that the corporate is planning to reinvest the earnings to proceed to develop a powerful web capital place. “[This] will enable for continued funding in our  buying and selling platform  know-how and can allow us to supply elevated  liquidity  for our shopper base,” Holst added.

Excessive Demand for FX and Crypto Liquidity

GCEX was based in 2018 and is headquartered in London. Its main purpose is to bridge the hole between institutional buyers and cryptocurrency, concentrating on 4 areas: counterparty threat, transparency, custody and know-how integration.

Additionally it is increasing its choices to higher place itself with the rising demand within the buying and selling business.

The corporate is working with a Monetary Conduct Authority (FCA) and can be increasing its world footprint. It opened an workplace in Malaysia in February as a strategic transfer to strengthen its round the clock protection and improve its service for the quickly rising shopper base in Asia. The corporate has a bodily presence in Scotland and Copenhagen.

Additional, GCEX additionally obtained $4 million in funding earlier this 12 months, primarily to speed up its development prospects.

“The $US 4 million funding we obtained from True World Ventures 4 Plus (TGV4 Plus) in December 2021 additionally allows us to strengthen our fairness place and additional speed up our development. We have now bold development plans and shall be making a sequence of strategic bulletins over the approaching months,” Holst mentioned.

GCEX, a supplier of foreign exchange and cryptocurrency liquidity, printed its first full-year financials for 2021, ending on December 31. It reported a complete turnover of £1.89 million together with an working revenue of £1.42 million.

“20/21 was a transformative interval for GCEX, and we skilled fast development. Our robust monetary outcomes replicate each a rise in our market share and an elevated market acceptance of digital belongings,” mentioned GCEX’s Founder and CEO, Lars Holst.

He additional revealed that the corporate is planning to reinvest the earnings to proceed to develop a powerful web capital place. “[This] will enable for continued funding in our  buying and selling platform  know-how and can allow us to supply elevated  liquidity  for our shopper base,” Holst added.

Excessive Demand for FX and Crypto Liquidity

GCEX was based in 2018 and is headquartered in London. Its main purpose is to bridge the hole between institutional buyers and cryptocurrency, concentrating on 4 areas: counterparty threat, transparency, custody and know-how integration.

Additionally it is increasing its choices to higher place itself with the rising demand within the buying and selling business.

The corporate is working with a Monetary Conduct Authority (FCA) and can be increasing its world footprint. It opened an workplace in Malaysia in February as a strategic transfer to strengthen its round the clock protection and improve its service for the quickly rising shopper base in Asia. The corporate has a bodily presence in Scotland and Copenhagen.

Additional, GCEX additionally obtained $4 million in funding earlier this 12 months, primarily to speed up its development prospects.

“The $US 4 million funding we obtained from True World Ventures 4 Plus (TGV4 Plus) in December 2021 additionally allows us to strengthen our fairness place and additional speed up our development. We have now bold development plans and shall be making a sequence of strategic bulletins over the approaching months,” Holst mentioned.

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