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GlobalBlock remains strong

Updated: Jul 22, 2022

Following the recent market downturn, much has been rightly made of several crypto related businesses defaulting and entering bankruptcy proceedings.

One reason for these events is due to organisations taking on risk with either lending (secured or otherwise) or leverage. However, GlobalBlock, has always differentiated itself from others by implementing strict internal risk management procedures and steered clear from lending to any third parties, offering any leveraged products, or taking on leverage ourselves.

Whilst we believe in DeFi and how it will play an important part in the future of Web 3, we made the decision to hold off with integrating it into our services, which has served us well. The reason for our decision was that the safety of our client funds is of our utmost priority, which we could not guarantee with many DeFi providers.

It is clear that during this current market turmoil, transparency is needed from crypto service providers to bring trust to investors. GlobalBlock delivers trust by offering:

  • No Leverage

  • No Lending

  • No hidden fees

  • Real customer service and support

GlobalBlock allows you to trade digital assets securely with a personalised service. Our traders, with many years of experience in both crypto and capital markets, can help guide you every step of the way.

As a publicly listed company, we are accountable and transparent with our procedures, being a digital asset provider who you can trust. If you would like to hear more, get in touch with the GlobalBlock team!



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GC Exchange A/S is a company incorporated and registered in accordance with the laws of the Kingdom of Denmark (CVR 43088777), authorised by the Danish Financial Supervisory Authority (FTID 45020) as a Currency Exchange and registered as a Virtual Asset Service Provider (FTID 17524) under the Danish Act on the Prevention of Money Laundering and Financing of Terrorism. 

GlobalBlock is a trading name of GC Exchange A/S. Following GCEX’s acquisition of GlobalBlock, all services previously provided under the GlobalBlock name are now operated and managed by GC Exchange A/S.

 

All fiat and cryptoassets transferred to GC Exchange A/S are received and held on a title transfer basis, meaning ownership passes to GC Exchange A/S and clients hold a contractual claim for equivalent amounts. Fiat funds do not constitute deposits or electronic money under Danish or EU law and are not protected by any deposit guarantee or investor compensation scheme. Cryptoassets are not safeguarded or insured, and clients bear the full risk of loss.

 

Cryptoasset services are not regulated by the UK Financial Conduct Authority (FCA). Clients will have no recourse to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS).

 

Cryptoassets are volatile investment instruments that carry a high degree of risk. The value of cryptoassets can go down as well as up, and you may lose the entire amount invested. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. If necessary, seek independent financial advice.

 

GCEX’s products and services are intended for professional and institutional clients only and are not marketed to retail clients in the United Kingdom.

 

The information on this website is provided for information purposes only and does not constitute investment advice or a solicitation to buy or sell any financial instrument or virtual asset.

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