GCEX Group invests over $60 million to acquire cryptocurrency broker GlobalBlock

ChainCatcher news, digital asset broker GCEX Group has announced the acquisition of the crypto broker GlobalBlock, which focuses on high-net-worth clients, with a transaction size of over $60 million.

This move will expand GCEX's business from over-the-counter trading to wealth management, covering high-net-worth individuals and institutional clients. After the acquisition, GCEX can leverage licenses in the UK, Denmark, and Dubai to accelerate the onboarding process for GlobalBlock clients. GCEX founder and CEO Lars Holst stated that this acquisition will significantly enhance the company's scale and capabilities.