An announcement was made by Devexperts, on Tuesday about their plans to integrate solutions of GCEX. The integration will assist in providing liquidity for brokers, funds, and other professional traders. The integration was made due to an increase in liquidity demand within their brokerage client base, who can now access GCEX liquidity for both FX and Crypto.
Devexperts Integrate with GCEX Solutions for Offering FX and Crypto Liquidity
Advocating the integration of the financial markets technology provider Devexperts and GCEX Jon Light, Devexperts’ Vice President of trading solutions, said: “When you combine Devexperts’ trading platforms with the excellent liquidity GCEX provides, this creates a harmonious offering for all types of brokers covering FX and Crypto.”
GCEX’s liquidity offerings are in synchronize with the UK’s Financial Conduct Authority (FCA). Stretching on all parts of traditional financial products includes commodities, CFDs, FX, and several crypto-crypto and crypto-fiat cross with major currencies. Moreover, it offers on and off-ramp services for digital assets.
Meanwhile, Devexperts has penned deals with two Turkish financial firms namely, Osmanlı Yatırım and TEB Yatırım, earlier this year for providing trading infrastructure.
A consequence of Increase in Demand for Liquidity
The official announcement highlighted that GCEX’s solution will offer liquidity to both crypto spot trading and CFDs trading for FX and crypto.
The official declaration of the partnership foreground that GCEX’s will provide liquidity to both CFDs trading for FX and crypto, and crypto spot trading. Partnering with several financial market players over the past, the company revealed that it is making use of the custodian and settlement of services of Koine.
GCEX CEO, Lars Holst said, “Besides regulation, security, and technology, the cryptocurrency market needs enough liquidity for the institutional participants to come. Our role here is to make this happen. Devexperts has been around for a very long time, and it is great that we can work and integrate with them and the high-end platforms they offer.”