Digital prime broker GCEX has entered a partnership with global digital asset market maker, Cumberland, in a bid to enhance spot crypto liquidity for institutional clients.
Lars Holst
The new offering will see Cumberland integrating its spot cryptoasset liquidity offering into GCEX’s execution infrastructure, to allow both institutional and professional clients with access to a wider, more competitive pool of liquidity enabled via a regulated prime brokerage structure.
Specifically, GCEX clients will be able to access this liquidity through two channels – either through the firm’s proprietary crypto-native trading platform, XplorSpot, or directly via API.
Lars Holst, chief executive of GCEX Group, said: “We are seeing consistent and growing demand for institutional-grade digital asset liquidity. 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.”
By providing this accessibility, the partnership aims to support the varied integration requirements of institutional desks and professional trading firms, and provide competitive spreads and improved execution quality for clients trading spot digital assets.
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Rob Strebel, head of relationship management at DRW, added: “Europe is a rapidly evolving crypto market with a well-established base of innovative institutional participants. As we expand in the region to meet growing institutional demand, this collaboration ensures GCEX’s clients can access our deep, reliable liquidity through a trusted, regulated environment.”
GCEX has been expanding its digital asset offering over the last few months, and in September 2025, the firm acquired crypto brokerage and asset management firm GlobalBlock Europe UAB.
As part of the move, GCEX integrates its regulated multi-asset trading and tier one liquidity offerings with GlobalBlock’s wealth management and fintech innovation capabilities, to expand GCEX’s current OTC, conversion and technology business further into the asset and wealth management driven digital asset sphere.