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GCEX Group has invested over $60 million in the acquisition of the encryption broker GlobalBlock.
[GCEX Group invests over 60 million dollars in the acquisition of crypto broker GlobalBlock] On September 25, digital asset broker GCEX Group announced the acquisition of crypto broker GlobalBlock, which focuses on high net worth clients, with a transaction size exceeding 60 million dollars. This move expands 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 licenses from multiple locations including the UK, Denmark, and Dubai to expedite the onboarding process for GlobalBlock clients.