Digital Prime Brokerage GCEX Announces Liquidity Partnership with Cumberland | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Digital prime brokerage GCEX Group has announced a liquidity partnership with Cumberland, one of the most established names in institutional cryptocurrency market making.
The partnership gives GCEX’s institutional and professional clients access to deeper spot cryptoasset liquidity through a regulated structure.
Through the partnership, Cumberland’s liquidity will be integrated into GCEX’s execution infrastructure, with clients able to access it via XplorSpot, GCEX’s proprietary crypto-native trading platform, or directly through API.
The arrangement is intended to deliver competitive spreads and improved execution quality for institutional desks and professional trading firms operating in digital asset markets.
Lars Holst, Chief Executive of GCEX Group, commented: “Our partnership with Cumberland, one of the most recognised names in crypto market making, reflects our commitment to connecting clients with deep and reliable liquidity sources available, within a regulated and transparent structure.”
Rob Strebel, Head of Relationship Management at DRW Cumberland, described GCEX’s XplorSpot as a world-class, MiCA-regulated crypto asset service provider, and said the collaboration would ensure European institutional clients can access Cumberland’s liquidity through a trusted, regulated environment as the firm expands its presence in the region.
GCEX holds regulatory authorisations from the UK’s Financial Conduct Authority, the Danish Financial Supervisory Authority under the EU’s Markets in Crypto-Assets Regulation, and the Dubai Virtual Assets Regulatory Authority.
