GCEX taps staking services from digital asset custody partner Hex Trust

Rick Steves

“With the increasing demand for staking services, we are delighted to be extending our partnership with Hex Trust, providing our institutional and professional clients with further choice for earning rewards on their digital assets.”

GCEX has announced it has extended its partnership with Hex Trust to include staking on top of the digital asset custody services that it already provides.

The digital prime brokerage launched staking services in April 2023 to enable the firm to offer an even broader range of assets for staking to brokers, fund managers, hedge funds, and professional traders.

GC Exchange A/S will offer its institutional and professional clients a further nine new assets for staking, including ETH, HBAR, Flare, Apecoin, and more. Further asset types will be added in response to client demand.

Hex Trust has been GCEX’s custody partner for over two years

Hex Trust is a licensed and insured digital asset custodian operating with its proprietary bank-grade platform, Hex Safe, that delivers solutions for digital asset protocols, foundations, financial institutions, and the Web3 ecosystem. Hex Trust has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.

Michael Aagaard, Managing Director at GCEX Denmark, said: “We have a strong and trusted relationship with Hex Trust, who have been our custody partner for over two years. With the increasing demand for staking services, we are delighted to be extending our partnership with Hex Trust, providing our institutional and professional clients with further choice for earning rewards on their digital assets.”

“Our strategy is to continue to push boundaries through partnerships with highly credible firms in the industry, offering our clients the best possible products and service, with robust technology and secure, segregated custody.”

Giorgia Pellizzari, Head of Custody at Hex Trust, commented: “We’ve been providing custody services to GCEX for a couple of years, so it’s great to extend our services to include digital asset staking. Hex Trust currently provides staking for several assets and continually assesses which ones to add next. We’re proud to offer secure and seamless staking to clients like GCEX through the safety of our custody platform, Hex Safe.”

GCEX secured Danish FSA license for rolling Spot FX and CFD brokerage

In May, GCEX was granted permission from the Danish Financial Supervisory Authority (FSA) to operate as an investment firm. The digital prime brokerage will be able to leverage the FSA license in order to offer rolling Spot FX and CFDs to institutional clients in the European Union.

GCEX Group enables brokers, fund managers, hedge funds, and professional traders to access deep liquidity in FX and CFDs, and also offers clients access to XplorDigital, a range of trading solutions that include Xplor Broker in a Box and Xplor Crypto in a Box.

In April, GCEX launched two new trading platforms – XplorSpot and XplorTrader – to help brokers, fund managers, hedge funds and professional traders operate more efficiently.

XplorSpot and XplorTrader form key components of GCEX’s XplorDigital trading solutions – ‘Crypto In A Box’ and ‘Broker In A Box’ plug and play solutions – which comprise of technology-agnostic platforms covering regulation, regulated custody solutions, safety of funds, tier 1 and deep liquidity, connectivity to biggest price makers and innovative technology partnerships.

The prime brokerage in digital assets and FX explained what makes each trading platform unique:

  • XplorSpot is a proprietary crypto-native platform for institutional and professional clients that easily facilitates crypto-specific requirements such as enabling on-ramp and off-ramp of digital assets.
  • XplorTrader enhances GCEX’s margin based CFD and FX offering. The new high-performance, safe and reliable platform that significantly improves how clients monitor positions and place orders, maintaining platform depth, detail, and functionality.

Headquartered in London, GCEX operates from multiple offices around the globe including in Copenhagen, Denmark. True Global Ventures are investors in GCEX.

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