Prime brokerage GCEX today announced its financial results, reporting a solid performance for the year.
During its second year of trading, the company saw £4.5 million in turnover. According to the numbers, this was 136% increase compared to 2021’s 16-month period when the figure was £1.9 million. Net profit for 2022 came in at £1.5 million.
Lars Holst, Founder and CEO, GCEX, said:
Lars Holst
2022 was an extremely successful year for GCEX as we continued to experience rapid growth despite the challenges faced by the industry towards the end of the year. Our strong financial results highlight that we are a trusted provider, with robust technology and a compelling offering.
Over the last year, the London-headquartered Group, continued to grow its team and expanded its global footprint in Dubai. Furthermore, GCEX launched XplorDigital trading solutions, introduced 24/7 FX trading, and continued the expansion of its product offering.
Additionally, GCEX offers more than 40 crypto products to its institutional and professional clients, available as spot or CFDs. The Group has also enhanced its collaborations with highly reputable Liquidity Providers and providers of digital asset custody solutions.
Holst added
We are reinvesting our profits in the business in order to continue our international expansion, further develop our proprietary XplorDigital solutions and evolve our offering for our global client base. We have ambitious growth plans and will be making a series of strategic announcements over the coming months.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
