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Crypto Broker GlobalBlock Signs £32 million Deal

Updated: Sep 29, 2022

Crypto Broker GlobalBlock Signs £32 million Deal 19 May 2021, London, UK.

UK and London based digital asset brokerage GlobalBlock is pleased to announce that it has agreed a business combination with Canadian listed Helix Applications (Helix). Helix, a publicly listed company listed on Toronto’s TSX Venture exchange, have acquired the shares in GlobalBlock at a value of £32 million, subject to regulatory and stock exchange approval. Helix is a blockchain application and technologies developer that has been in discussions with GlobalBlock since March 2021. Following this agreement Helix will change its name and the new entity will undertake the business of providing digital asset trading services via GlobalBlock’s digital asset trading platform, mobile app and personalised telephone broking service.

David Thomas, Director and Co-Founder of GlobalBlock said:

“Ever since we established GlobalBlock in 2018 we have been serving individuals and businesses with a secure platform to trade cryptocurrencies via our personalised telephone service, digital asset trading platform and mobile app. We believe that we are still at the beginning of the evolution of the digital asset industry. With our already established brokerage business and this business combination with Helix, we are very well placed to capitalise on a rapidly growing sector.”

GlobalBlock has seen significant growth so far in 2021 with record trading volumes and clients trading in over 80 digital assets. Along with providing access to trading cryptocurrency across the mobile app and trading platform, GlobalBlock is committed to offering a customer focused telephone service. By combining their business with Helix’s they will look to broaden the portfolio of services to clients who are looking to diversify securely into digital assets.

Karl Thompson, Co-Founder of GlobalBlock said:

“Having founded and built successful customer centric businesses in the investment and trading industry and now the cryptocurrency space, we are very excited about combining GlobalBlock with Helix. Our aim is to propel our growth and become a leader in the provision of digital asset trading services. We take customer service and protection incredibly seriously, understanding the value of focusing on a hand holding approach for our clients, especially as we are still at an early stage of digital asset adoption.”

GlobalBlock has embraced the recent additional regulatory requirements in this sector and has obtained temporary registration as a digital asset firm under the UK’s Financial Conduct Authority’s Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). Having been founded by highly experienced financial services professionals, GlobalBlock already undertakes stringent compliance measures when determining client identity and looking after customer assets.

GlobalBlock’s customer base includes individuals and corporations who wish to diversify into digital assets, whether that is trading, accepting payment in crypto-assets such as Bitcoin or safe custody.

ENDS

Notes to Media

About GlobalBlock

GlobalBlock is a UK based digital asset broker that provides a personalised telephone broking service, trading platform and mobile app. Established in 2018 by an experienced team of financial services professionals, GlobalBlock acts as a trusted agent serving the cryptocurrency needs of individuals, corporates, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets.


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GlobalBlock EU ApS is a company incorporated and registered in accordance with the applicable laws of the Kingdom of Denmark as virtual asset service provider, with registration number (CVR-number) 45126382. GlobalBlock EU ApS is wholly owned by GlobalBlock Holdings., a company registered in England and Wales with registration number 15929099 . GlobalBlock EU ApS is not a licensed financial services provider and is not supervised as such by the Danish Financial Supervisory Authority. GlobalBlock EU ApS is supervised with respect to anti money laundering by the Danish Financial Supervisory Authority within the scope of the Danish Act on Prevention of Money Laundering and Terrorist Financing and other legislation stemming thereof.

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GlobalBlock Europe, UAB is a company incorporated and registered in accordance with the applicable laws of the Republic of Lithuania as a virtual currency depository wallet operator and virtual currency exchange operator, with registration number 306045642. GlobalBlock Europe, UAB is wholly owned by GlobalBlock Holdings Ltd., a company registered in England and Wales with registration number 15929099,  GlobalBlock Europe, UAB is not a licensed financial services provider and is not supervised by the Bank of Lithuania. GlobalBlock Europe, UAB is supervised by the Financial Crime Investigation Service under the Ministry of Interior of the Republic of Lithuania within the scope of the Law on Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania and other legislation stemming thereof.
 
Investors should be aware that cryptocurrencies are volatile investment instruments that carry a high degree of risk to the capital investment. The information in this website is not intended and should not be construed as an offer, solicitation or recommendation to buy or sell any specific investments or participate in any specific investment (or other) strategy. The products and services outlined on this website may not be suitable for all types of investors. The value of an investment can go down as well as up, and you may not get back the amount you originally invested. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of GlobalBlock Europe, UAB based on the legal requirements in your country of residence. The information in this website is for information purposes only and is subject to change. No part of this website can be reproduced without written permission.


 Client fiat is held with GlobalBlock in accounts with BCB Limited,and does not meet the definition of Electronic Money (e-money). Client fiat and cryptocurrency are not “safeguarded” nor covered by any compensation scheme. Clients could potentially lose their cryptocurrency or fiat if something were to happen to GlobalBlock or, BCB.

Cryptoasset Notice

Cryptoasset services are provided by GlobalBlock Europe, UAB (“GlobalBlock”).   Cryptoassets are not regulated in any jurisdiction and the value of your assets can increase or decrease. You should note that your cryptoasset profits may be subject to Capital Gains Tax.

The service you obtain through the website or the app in the UK, contains cryptoasrvices not regulated by the Financial Conduct Authority. Please be aware that:

  • You will have no recourse to the Financial Ombudsman Service in the event of a complaint relating to cryptoasset services.

  • Your cryptoasset account is not protected by the Financial Services Compensation Scheme.

  • Cryptoassets may experience frequent price volatility resulting in a high degree of risk.

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