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GCEX Group has invested over $60 million in the acquisition of the encryption broker GlobalBlock.
ChainCatcher news, the digital asset broker GCEX Group announced the acquisition of the encryption broker GlobalBlock, which focuses on high-net-worth clients, with a transaction size exceeding 60 million dollars. This move will expand GCEX's business from over-the-counter trading to the wealth management sector, covering high-net-worth individuals and institutional clients. After the acquisition, GCEX can leverage multiple licenses in the UK, Denmark, and Dubai to accelerate the onboarding process for GlobalBlock clients. Lars Holst, founder and CEO of GCEX, stated that this acquisition will significantly expand the company's scale and capabilities.