GCEX, a digital brokerage firm regulated by the Financial Conduct Authority, has opened an office in Kuala Lumpur, with investment from True Global Ventures, the venture capital firm.
The expansion into Malaysia is part of a broader effort to improve GCEX’s service to its growing customer base in Asia.
The first member of the operations team has already joined the company, with four additional hires expected by May 2022.
Founded in 2018, GCEX provides a digital asset and exchange platform for liquidity providers, counterparty lenders and digital asset custody institutions.
GCEX is headquartered in London, with offices in Scotland and Denmark. Its office in Denmark opened in September 2021.
Lars Holst, Founder and CEO of GCEX (pictured), said: “The expansion of our global footprint in Asia is an important development for GCEX and a key step in our growth strategy. We chose Kuala Lumpur as our Asia hub because we believe it is one of Asia’s fintech capitals, with a strong talent pool that we can tap into as we go. we grow the business.
He adds: “The investment we have received from True Global Ventures (TGV4 Plus) is helping to fuel our expansion, allowing us to capitalize on the growing demand we are seeing for our modular end-to-end plug and play trading platform for digital assets. and exchange.