GCEX joins Crossover’s ECN for deeper digital asset liquidity

Rick Steves

“With the increasing demand for digital assets, we are delighted to be partnering with Crossover, providing even greater opportunities for our institutional clients to access deep liquidity in digital assets.”

Digital prime brokerage GCEX Group has announced a partnership with Crossover Markets Group, Inc., a digital asset technology company dedicated to fulfilling the distinct liquidity needs of institutional clients.

This collaboration marks a significant milestone in the digital asset space, as GCEX clients will now have the opportunity to utilize Crossover’s specialized execution-only crypto electronic communication network (ECN) for spot cryptocurrency transactions.

GCEX’s crypto prime brokerage via XplorSpot or API

GCEX is set to offer its institutional and professional clients brokerage services for spot cryptocurrency transactions, enhancing access to deep liquidity around the clock through its professional service.

The services are designed to cater to institutions seeking to engage with a regulated brokerage for digital asset trading, available through GCEX’s crypto-native platform, XplorSpot, or via API. This move is aimed at fostering wider adoption of digital assets among institutional and professional traders.

GCEX regulated in the UK, Denmark, and Dubai

GCEX Group is renowned for enabling access to deep liquidity in FX and CFDs on digital assets, in addition to spot trading and conversion for digital assets. The company offers a comprehensive range of Forex brokerage and crypto-native technology solutions under XplorDigital, which includes innovative technology partnerships and a suite of technology-agnostic platforms addressing regulation, custody, staking, liquidity, risk management, and more.

With its headquarters in London and multiple offices globally, GCEX is regulated by the UK’s Financial Conduct Authority (FCA), registered with the Danish FSA as a VASP and currency exchange, and holds a Virtual Asset Service Provider license by the Dubai Virtual Assets Regulatory Authority, backed by investors such as True Global Ventures.

“Tighter spreads and a lower cost to trade”

Lars Holst, Founder & CEO, GCEX commented, “With the increasing demand for digital assets, we are delighted to be partnering with Crossover, providing even greater opportunities for our institutional clients to access deep liquidity in digital assets. We are excited about the synergies and opportunities that this partnership will bring.”

Anthony Mazzarese, Co-Founder and Chief Commercial Officer, Crossover added, “We are excited to welcome GCEX to the CROSSx ECN as our newest venue participant. Crossover’s focus on speed, throughput and operational efficiency will help GCEX achieve tighter spreads and a lower cost to trade across their client base of institutional and professional investors, and this partnership will further enhance spot crypto liquidity.”



  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.


    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.