Weekly Comment:The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known as FedNow, it is hoped the infrastructure will lead to faster transactions 24 hours a day, seven days a week. This is due to launch sometime in 2023 or […]
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The Evening Standard
GlobalBlock is a crypto currency broker based in Mayfair, London. Our aim is to simplify the cryptocurrency market, making the buying and selling of digital assets simple, transparent and secure.
We provide a telephone broking service for buying and selling of all cryptocurrencies and ERC20 tokens to both the OTC and Retail markets.
Our brokers help clients safely navigate the complex world of crypto trading and more importantly, advise and help on the storage and safe custody of your digital assets.
We offer a full range of financial blockchain services for institutions. For clients who require large execution capabilities we have an OTC trading desk that has access to deep pools of liquidity via market makers, miners and crypto funds. Additionally, our team can also help with arranging bespoke escrow structures for peer to peer block trades and corresponding support. For clients that are holding large crypto positions Globalblock can also provide innovative hedging facilities and fiat lending structures.
GlobalBlock’s retail desk assist clients who are looking to invest in the cryptocurrency and blockchain market and are either looking to remove the prohibitive costs and margins of CFD trading/ spread betting, own the actual underlying asset much as you would do a stock or work with a UK based business and banking facilities. Our friendly team are here to meet, help and educate where needed, to ensure you are set up to transact in the most safe and effective manner possible, and in a transactional size that suits your budget.
As a client you will have full access to our team of in-house analysts. While we don’t offer advice on what currencies to buy/sell, our team of analysts are always on hand to discuss any crypto investments you are considering. Our analysts will keep you up to date with the latest news, views, rumours and information from the crypto world.
Why use GlobalBlock?
Globalblock sources liquidity from the 15 largest crypto exchanges along with the top 4 market makers, enabling us to provide you with the most competitive prices in the market. We have identified that commissions to buy or sell in any form tend to be high, so naturally we have made the decision to offer the most competitive rates in the market making Globalblock cheaper than dealing directly with a crypto exchange and up to 30% cheaper than the cost of trading a crypto CFD.
Local currency deposits
With Globalblock, Cryptocurrencies can be bought directly in pounds sterling, saving on any FX conversion fees. Trading directly with Crypto exchanges requires customers to deposit in USD, therefore costing UK customers a hidden exchange fee of circa 2%.
Established London brokerage
We understand that the cryptocurrency market can appear to be rather opaque and difficult to engage with. There is a great deal of content and information on the internet, however many underlying companies are very difficult to contact or appear to be anonymous. This is why we are proud to differentiate ourselves by welcoming you to give us a call. We are here to help, work with you and of course answer any questions that you may have.
Personal account manager
When you open an account with GlobalBlock you will be assigned to a personal account manager who will assist you with the buying and selling process and keep you up to date on developments in the market.
In house analysts
Our team of analysts have years of experience in the crypto market and are available to discuss any questions you may have on individual currencies or the wider macro environment. The crypto market is currently a considerably volatile asset class and therefore keeping updated on any headwinds such as regulation is critical to assist with your investment decisions.
Security is of paramount importance in any crypto transaction which is why we provide secure end-to-end encryption when transferring digital assets. Once we have bought your coins, your account manager will guide you through the process of setting up a cyptocurrency wallet and advise you on how to store them securely. Typically, digital assets are transferred to the individual client however we are able to provide a safe custody solution that is provided by a trusted third party.
Cryptocurrency broking is not currently a regulated activity, however GlobalBlock utilise similar on boarding processes as exist within more traditional asset classes. We apply the highest standards of compliance to all aspects of the business ensuring we have comprehensive policies and procedures around governance and reporting, know-your-client and anti-money laundering policy as well as an appropriate risk and liquidity management protocol.
Most actively traded coins
Below are the top 5 most actively traded coins by GlobalBlock customers.
Meet the Team
Karl started his investment career with J.M Finn & Co. and later set up and ran the high net worth private client desk at Mint/BGC. In 2012 Karl co-founded Peregrine & Black Capital, a fully FCA regulated broker offering bespoke stockbroking services to professional and institutional clients. Karl went on to co-found Peregrine & Black Investment management in 2015 offering Discretionary Investment Management services to individuals, corporates, trusts and charities.
David joined Global Reach Partners (formerly CorporateFX) in 2003, a deliverable foreign exchange business that dealt in both the private and corporate market sectors. After progressing in roles from corporate sales and trading, David became Private Client Director and remained a Partner in the business until its eventual acquisition by private equity in 2016.
Tim founded institutional agency broker Mint Partners in 2005 and in his role as CEO guided it from a start up to revenues of over $100 million per annum and offices in London, New York, Paris and Dubai. His previous roles included Head of Sovereign Debt at ICAP, MD Europe at Investor Select Advisors fund of hedge fund group and Senior Managing Director at BGC Partners.
Patrick has over 15 years’ experience working in bond, equity and CFD markets as a broker at Eurobrokers, Tullet Prebon and Mint/BGC. Patrick co-founded Peregrine & Black and heads up the operational and compliance functions within the group.
Weekly Crypto Brief 5th August
Weekly Comment:Another week passes in the world of crypto and as usual there is never a dull moment. It appears that the warnings are coming thick and fast for the USA in terms of getting onboard with crypto and blockchain as opposed to stifling it. Advocates are keen to avert another situation much like the […]