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British Financial Broker GCEX's GlobalBlock Officially Launches Digital Asset Trading and Settlement Services for UK Institutional Clients
Deep Tide TechFlow News, March 19 — According to Finance Magnates, UK financial broker GCEX Group’s platform, GlobalBlock, has officially launched digital asset services for UK clients, targeting high-net-worth individuals, family offices, asset management firms, and corporate clients.
The platform offers over-the-counter cryptocurrency trading execution services, portfolio solutions, and digital asset settlement and invoicing tools for enterprise users. The underlying liquidity and infrastructure are provided by GCEX Group.
On the compliance front, the relevant financial promotion content has been approved by Archax Limited under the UK Financial Services and Markets Act Section 21, within the crypto asset financial promotion regulatory framework. GlobalBlock and GCEX also stated that their crypto asset services are currently not directly regulated by the UK Financial Conduct Authority (FCA), as cryptocurrency activities are not yet within the scope of regulation in the UK.