GlobalBlock Digital Asset Trading Ltd (TSX-V:BLOK, OTC:BLVDF), which provides a personalized telephone brokerage service, trading platform and mobile app for cryptocurrencies, said its subsidiary remains “on call” to support its clients in their digital asset needs during these volatile times.
The company which has offices in London, UK and Vancouver, Canada, said its GlobalBlock Europe, UAB (GBE) operating subsidiary, a service-led digital asset broker has not suffered any adverse effects despite the volatility in digital assets, particularly so-called stablecoins.
“While GlobalBlock does offer some stablecoins for its clients to trade, the business does not currently have any risk exposure to any stablecoin or yield products,” said the company. “And as a result, has not suffered any adverse effects from the recent seismic events that have led to the current downward trend in digital asset prices.”
GlobalBlock reassured customers that their “assets are safe and easily accessible for trading or transferring purposes”.
In a statement, GlobalBlock CEO Rufus Round said: "GlobalBlock has seen similar market conditions on more than one occasion since its inception in 2018 and we have steered our clients through each and every one by providing them with the highest security and custody of their assets and our reassuringly human touch.”
"The current climate is no different and it is our service-led approach that makes us stand out from the competition. We remain on call to support our clients in their digital asset needs during these volatile times and as ever look optimistically towards the future as broader adoption of crypto continues," he added.
Established in 2018 by an experienced team of financial services professionals, GlobalBlock Digital Asset Trading Limited acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms and intermediaries, providing the best execution trading and safe custody of digital assets.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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