New Exchange Launches Targeting Institutional Crypto Trading

A new exchange for trading cryptoassets that is targeting the institutional and professional market segments has launched in London today.

The exchange, GCEX, is part of the GC Group, which was established in 2018 in response to demand for regulated and compliant exposure to the cryptoasset market, company officials say. Authorised and regulated by the Financial Conduct Authority (FCA), GCEX claims that it will provide funds, brokers, asset managers, professional traders and banks with an advanced suite of integrated financial technology products including AI applications, allowing clients to automate onboarding, offer and trade cryptoassets with tight spreads, deep liquidity from Tier 1 banks and solutions for clearing.

Lars Holst, GCEX

The exchange’s CEO and founder, Lars Holst, comments, “We are delighted to officially announce the launch of GCEX, a technology solution which addresses the need for regulated

and compliant exposure to cryptoassets. Through our extensive investment, GCEX has developed a proprietary technology stack which provides a hybrid of ultra-low latency, industry leading solutions for institutional and professional clients.

He adds: “Coupled with our collaborated research into AI applications with leading London universities and strong ties with the academic and technical communities, securely places GCEX at the forefront of cutting-edge development in the cryptoasset space. In addition, the GCEX team provides an unparalleled depth of knowledge which is well placed to assist any client requirements, and we look forward to servicing their cryptoasset needs in a secure, regulated and compliant environment.”

Holst previously co-founded CFH Clearing and was its CEO between 2008 until 2018. Prior to that, he worked at Currenex, Dresdner Kleinwort and Saxo Bank.

Galen Stops

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