GCEX Partners with Crossover Markets Group for Crypto Spot Transactions
GCEX, a regulated digital brokerage, has announced a partnership with Crossover Markets Group, Inc., a digital asset technology firm. This collaboration will allow GCEX clients to access Crossover’s execution-only crypto ECN, CrossX, for spot cryptocurrency transactions.
GCEX will provide brokerage services and access to deep liquidity for institutions through its professional 24/7 service. The partnership aims to cater to the growing demand for digital assets among institutional clients.
GCEX’s crypto-native platform, XplorSpot, or API integration will enable institutions and professional traders to further adopt digital assets. Lars Holst, Founder & CEO of GCEX, expressed excitement about the opportunities this partnership will bring.
Anthony Mazzarese, Co-Founder and Chief Commercial Officer of Crossover, welcomed GCEX to the CROSSx ECN as the newest venue participant. He highlighted Crossover’s focus on speed, throughput, and operational efficiency, which will help GCEX achieve tighter spreads and lower trading costs. Mazzarese emphasized that this partnership will enhance spot crypto liquidity.
GCEX Group offers institutional and professional clients access to deep liquidity in FX and CFDs on digital assets. Their XplorDigital platform provides various solutions, including regulation compliance, regulated custody, and connectivity to major price makers. Headquartered in London and regulated by the UK’s FCA, GCEX also holds licenses from the Danish FSA and the Dubai Virtual Assets Regulatory Authority.
GCEX, founded in 2018, stands as a regulated digital prime brokerage with a comprehensive platform for institutional and professional clients. They have partnerships with trusted liquidity providers and digital custody asset institutions. They offer a wide range of products and technology solutions, including White Labels.
Crossover Markets specializes in digital asset trading technology tailored to institutions in the cryptocurrency markets. Their CROSSx ECN features an advanced matching engine and order logic that allows clients to choose their trading partners. With their team’s extensive experience in FX trading, prime brokerage technology, and artificial intelligence, Crossover aims to bring more institutions into the crypto market.
Analyst comment
Positive news. The partnership between GCEX and Crossover Markets Group, Inc. will cater to the growing demand for digital assets among institutional clients. GCEX clients will have access to Crossover’s CrossX ECN for spot cryptocurrency transactions, while GCEX will provide brokerage services and deep liquidity. This collaboration will enhance spot crypto liquidity, achieve tighter spreads, and lower trading costs. The market is expected to see increased adoption of digital assets by institutions and professional traders.
