GC Exchange Shows Higher Turnover But Still Reports Loss

GC Exchange Limited, a company based in the United Kingdom, shared its financial report for the year that ended on December 31, 2024. The company said it helps professionals and businesses trade online in foreign exchange, commodities, indices, and crypto assets. According to the report, the company’s turnover grew by 64%, reaching £3.76 million.

The company said this was a good rise compared to the past year. However, it still recorded a pre-tax loss of £232,567. This was better than the loss from the previous year, which means the company is improving even though it is getting less profit.

GC Exchange Spends More While Growing Faster

The report showed that while GC Exchange grew its earnings, its spending also increased. The firm said its cost of sales increased a lot. Administrative costs also rose by 24%. These were caused by higher fees paid within the group, consulting costs, staff payments, and losses due to changes in foreign exchange.

The company said the rise in revenue mostly came from its crypto trading area. It reported a 315% increase in crypto CFD trading volumes. This happened because the crypto market began to get better after a period known as the “crypto winter.” The company noticed that its earnings began to rise strongly in the last quarter of 2024 and it expects this to continue in 2025.

GCEX Group’s founder, Lars Holst, said the high earnings were not only in the UK. He explained that the company’s other offices in Dubai and Copenhagen also did well. He added that the company’s business plan stays strong, and it does not take on risks like borrowing or lending.

GC Exchange Adds New Services And Grows Its Client Base

GC Exchange received a tax credit, which helped lower its final loss. The company ended 2024 with a net loss of £172,789. This was smaller than the £279,622 loss it reported in 2023. The report said that the company’s total value to shareholders stood at £4.7 million at the end of the year.

During the year, the company added more professional clients and widened its services. It increased its FX and crypto liquidity partners. It also created a new client portal to help clients trade more easily and to support its team’s work.

The company’s Board said its main goal is to give lasting value to shareholders. It aims to give top-level trading services across different financial products. The services are only for institutional and professional clients, not for everyday users.

To improve its crypto services, GCEX joined with Fireblocks, a company that helps other businesses trade crypto safely. This company said this new partnership gives clients in Denmark and Dubai better control over their trades, faster settlement times, and safer systems.

With Fireblocks’ help, GC Exchange believes it can fix key trading problems and give its users faster and safer crypto experiences. The company said this step will help it stay ahead in the growing crypto market.

GC Exchange’s report shows that even with losses, the company is moving in a better direction. Its earnings from crypto trades, growing client base, and tech upgrades have placed it in a good position for the future. Many now look forward to how the company will perform in 2025.