GCEX Introduces XplorSpot Lite: Tailoring Crypto-Fiat Conversions for Traders and Funds

<p>GCEX,
a part of the broader GCEX Group and a digital brokerage that facilitates access to
deep liquidity for brokers, funds, and professional traders, has unveiled the
release of XplorSpot Lite. This platform allows crypto-fiat conversions on any
device through an intuitive interface.</p><p>GCEX
's XplorDigital Suite for Institutional Clients</p><p>GCEX
aims to provide institutional and professional clients with an on-ramp and
off-ramp for digital assets, allowing quick and reliable withdrawals and
immediate conversions between crypto and fiat. </p><p>XplorSpot
Lite also grants users access to the full version of XplorSpot, GCEX’s
crypto-native platform, designed to streamline processes and enhance
operational efficiency for institutional investors 24/7.</p><p>Commenting
on this launch, Michael Aagaard, the Managing Director at GCEX, said: “XplorSpot
Lite is a testament to how GCEX continues to develop proprietary technology in
response to the feedback from crypto institutional clients. The platform
delivers an extremely easy-to-use interface for conversions to make the process
intuitive, fast and efficient.”</p><p>Lars
Holst, the Founder &amp; CEO at GCEX commented: “This is the time to join the crypto
space and our proprietary technology solutions now make it easier for
institutional clients to manage their requirements to capitalise on market
movements.”</p><p>GCEX
Group provides institutional and professional clients with access to deep
liquidity in FX and CFDs on digital assets. The XplorDigital suite includes
plug-and-play solutions like 'Crypto in a Box' and 'Broker in a Box', covering
various aspects, such as regulation, custody solutions, staking, safety of
funds, liquidity, risk management, and technology partnerships.</p><blockquote><p lang="en" dir="ltr">GCEX launches XplorSpot Lite for easy Crypto-Fiat conversions – “This is the time to join the crypto space and our proprietary technology solutions now make it easier for institutional clients to manage their requirements to capitalise on market movements.” GCEX, the multi-r… <a href="https://t.co/lXOPk5E2ZB">pic.twitter.com/lXOPk5E2ZB</a></p>— The Industry Spread (@industryspread) <a href="https://twitter.com/industryspread/status/1732344661102981189?ref_src=twsrc%5Etfw">December 6, 2023</a></blockquote><p>Dubai Expansion: GCEX
Strengthens Presence with VASP License</p><p>Headquartered in London,
GCEX is regulated by the UK’s FCA and registered with the Danish FSA as a Virtual
Asset Service Provider (VASP) and currency exchange. </p><p>Earlier, <a href="https://www.financemagnates.com/">Finance Magnates</a> reported that <a href="https://www.financemagnates.com/cryptocurrency/gcex-cements-dubai-presence-gains-varas-digital-asset-license/">GCEX
strengthened its presence in the Middle East by obtaining an operational VASP
license</a> from Dubai’s Virtual Asset Regulatory Authority. This license
has positioned the company to offer virtual asset broker-dealer services in Dubai.</p><p>Mehtap Önder, the
Managing Director of GCEX in Dubai, emphasized the significance of being a
regulated entity in the region. According to Önder, it demonstrates the
company's commitment to international standards, robust processes, and a core
focus on transparency and investor protection. Obtaining this license is
considered a major milestone for GCEX, crucial for the company's growth
strategy and enhancing its presence in the region.</p><p>The company reported a
net profit of £1.5 million in 2022 and expanded its operations to Dubai in July
2022. In the current year, <a href="https://www.financemagnates.com/tag/gcex/">GCEX</a>
introduced two proprietary trading platforms, one dedicated to digital assets
and the other catering to margin forex and contracts for differences.</p>

This article was written by Tareq Sikder at www.financemagnates.com.