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- UK based digital asset broker expands amount of digital assets available to customers -
- GlobalBlock UK focuses on offering a low cost and personalised digital asset trading service -
London, United Kingdom and Vancouver, British Columbia--(Newsfile Corp. - September 23, 2021) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (FSE: BD4) (the "Company") is pleased to announce that clients of its wholly owned operating subsidiary, GlobalBlock Limited ("GlobalBlock UK"), are now able to invest in and trade over 80 digital assets through GlobalBlock UK's platform. These digital assets can be bought, sold and held across GlobalBlock UK's combined service offerings of telephone, online trading platform and mobile app.
GlobalBlock UK does not offer margin leveraged trading as it is focused on being a service-led, safe, secure and transparent cryptocurrency trading business. Unlike many other digital asset trading platforms throughout the cryptocurrency space worldwide, GlobalBlock UK does not charge any fees for deposits or withdrawals and charges a maximum of only 1% commission on the top 20 coins offered and 2% on remaining alt coins which is comparatively cheaper than many other providers and exchanges. The combination of low costs, transparent pricing and personalised service makes GlobalBlock UK's proposition highly compelling to people looking to trade a wide range of cryptocurrencies. So far in the month of September, the top five most popular traded assets by volume order through GlobalBlock UK's platform are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Quant (QNT) and Polkadot (DOT).
Tim Bullman, Head of Sales and Trading at GlobalBlock UK, said:
"Being able to offer the widest possible range of high quality digital assets for our clients is important and we aim to soon expand further the number of digital assets available for trading across our telephone broking service, mobile app and online platform. We see ourselves as not only providing a market leading personalised digital asset trading service, but a low cost one."
The Company looks forward to providing future updates as GlobalBlock UK makes further additions to the digital assets that can be bought, sold and held across its platform.
ABOUT THE COMPANY
GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose wholly owned subsidiary, GlobalBlock Limited (https://www.globalblock.co.uk), is a United Kingdom based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app. Established in 2018 by an experienced team of financial services professionals, GlobalBlock Limited acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets.
GlobalBlock Limited has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business until 31st March 2022, pending the determination of the application by the Financial Conduct Authority. At this time, GlobalBlock Limited only accepts United Kingdom and Ireland resident clients or customers for its digital asset broker or trading services.
For further information please contact the Company at:
Rufus Round, CEO
c/o 65 Curzon Street, London, W1J 8PE, United Kingdom
Tel. +00 44 20 3286 2904
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking statements or information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the continued and successful development of the businesses of each of the Company and GlobalBlock Limited, the ability of GlobalBlock Limited to obtain the applicable regulatory approvals (including permanent registration with the Financial Conduct Authority in the United Kingdom) to continue to conduct its business, the ability of GlobalBlock Limited to add other digital assets that can be bought, sold and held across its platform, and other information concerning the intentions, plans, future action and future successes of the Company, and its businesses, technologies and products described herein. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's most recent management's discussion and analysis, a copy of which is filed on SEDAR at www.sedar.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97370