GCEX Group
has acquired GlobalBlock, a crypto brokerage specializing in
wealthy clients with more than $60 million in assets under
management.
The deal
pushes GCEX beyond its core over-the-counter trading business into wealth
management services for high-net-worth individuals. GlobalBlock’s
client base adds to GCEX’s existing institutional trading platform,
which already serves professional traders across multiple jurisdictions.
GCEX
operates under licenses from the UK’s Financial Conduct Authority,
Denmark’s Financial Supervisory Authority, and Dubai’s Virtual Assets
Regulatory Authority. The company plans to use these regulatory approvals
to speed up client onboarding for GlobalBlock’s wealth management
customers.
Firms Combine
Technology Platforms
GlobalBlock
brings AI-powered fund management tools to the partnership, including
its GB10 product that tracks the top 10 cryptocurrencies by market
capitalization. The firm rebalances these portfolios monthly and offers
customized digital asset strategies through a mobile app.
GCEX
already provides institutional clients with CFDs on digital
assets, foreign exchange trading, and spot crypto conversion
services. The company’s XplorDigital suite includes white-label solutions for
other brokers looking to add crypto services.
“Acquiring
GlobalBlock is a strategic leap forward for GCEX, expanding our
footprint, our client base, our team, and our capabilities,” said
Lars Holst, founder and CEO of GCEX Group. “GlobalBlock’s founders have
built a standout, profitable firm, with world-class products, providing
innovative diversification strategies for clients.”
Related: GCEX Launches Mobile Trading App for Institutional Crypto and FX Clients
Competition Intensifies
for Crypto Wealth Services
The
acquisition comes as traditional wealth managers increasingly compete with
crypto-native firms for affluent clients seeking digital asset exposure.
GlobalBlock’s founders previously built Peregrine & Black Investment
Management, which manages over £500 million across UK and Bermuda
operations.
David
Thomas, GlobalBlock’s co-founder, said the deal allows the firm to expand while
keeping its brand. “Their strong regulatory licenses and global reach
perfectly complement our business model,” Thomas said. “This
partnership allows us to expand our wealth management and digital asset
solutions while continuing to operate under the GlobalBlock brand that our
clients trust.”
The
combined firm will compete with established players like Galaxy Digital
and newer entrants offering crypto services to wealthy investors.
Traditional banks have also started adding digital asset capabilities, putting
pressure on specialized crypto firms to scale their operations.
You may also like:
- GCEX Hires 35-Year FX Professional for EMEA Push
- GCEX Joins Lynq Network’s Real-Time Settlement Platform for Digital Assets
GCEX Group
has acquired GlobalBlock, a crypto brokerage specializing in
wealthy clients with more than $60 million in assets under
management.
The deal
pushes GCEX beyond its core over-the-counter trading business into wealth
management services for high-net-worth individuals. GlobalBlock’s
client base adds to GCEX’s existing institutional trading platform,
which already serves professional traders across multiple jurisdictions.
GCEX
operates under licenses from the UK’s Financial Conduct Authority,
Denmark’s Financial Supervisory Authority, and Dubai’s Virtual Assets
Regulatory Authority. The company plans to use these regulatory approvals
to speed up client onboarding for GlobalBlock’s wealth management
customers.
Firms Combine
Technology Platforms
GlobalBlock
brings AI-powered fund management tools to the partnership, including
its GB10 product that tracks the top 10 cryptocurrencies by market
capitalization. The firm rebalances these portfolios monthly and offers
customized digital asset strategies through a mobile app.
GCEX
already provides institutional clients with CFDs on digital
assets, foreign exchange trading, and spot crypto conversion
services. The company’s XplorDigital suite includes white-label solutions for
other brokers looking to add crypto services.
“Acquiring
GlobalBlock is a strategic leap forward for GCEX, expanding our
footprint, our client base, our team, and our capabilities,” said
Lars Holst, founder and CEO of GCEX Group. “GlobalBlock’s founders have
built a standout, profitable firm, with world-class products, providing
innovative diversification strategies for clients.”
Related: GCEX Launches Mobile Trading App for Institutional Crypto and FX Clients
Competition Intensifies
for Crypto Wealth Services
The
acquisition comes as traditional wealth managers increasingly compete with
crypto-native firms for affluent clients seeking digital asset exposure.
GlobalBlock’s founders previously built Peregrine & Black Investment
Management, which manages over £500 million across UK and Bermuda
operations.
David
Thomas, GlobalBlock’s co-founder, said the deal allows the firm to expand while
keeping its brand. “Their strong regulatory licenses and global reach
perfectly complement our business model,” Thomas said. “This
partnership allows us to expand our wealth management and digital asset
solutions while continuing to operate under the GlobalBlock brand that our
clients trust.”
The
combined firm will compete with established players like Galaxy Digital
and newer entrants offering crypto services to wealthy investors.
Traditional banks have also started adding digital asset capabilities, putting
pressure on specialized crypto firms to scale their operations.
You may also like:
- GCEX Hires 35-Year FX Professional for EMEA Push
- GCEX Joins Lynq Network’s Real-Time Settlement Platform for Digital Assets