GBX

What GBX does

GBX (Global Blockchain Exchange) was a self-serve digital asset exchange platform that enabled individuals and corporations to buy, sell, hold, and exchange virtual currencies — including Bitcoin, Ethereum, and utility tokens — against virtual and fiat currency. The platform, branded GBX-DAX (Digital Asset Exchange), supported online onboarding via KYC verification (including video identification for higher-limit and non-EEA users), deposit and withdrawal processing with hot and manual wallet infrastructure, and order matching for both personal and corporate accounts. GBX OÜ was an Estonian private limited liability company licensed by the Estonian Financial Intelligence Unit (FIU) as a virtual currency exchange and wallet service provider, and GBX operated as a wholly-owned subsidiary of Gibraltar-based GSX Group alongside the STACS Network and Juno Services entities.

The GBX-DAX launched in 2018 and was accessible to users in the UK, EU/EEA, Switzerland, Hong Kong, and Singapore, with case-by-case eligibility for other jurisdictions — while excluding the US and EU-sanctioned high-risk jurisdictions. The company monetized via transaction and withdrawal fees (virtual currency withdrawals carried published fees; fiat deposits/withdrawals were free to users with the payment provider charging approximately US$40 per fiat withdrawal) and via spread-based secondary-market making on exchange transactions. The customer base combined long-tail retail traders with corporate accounts running sub-account structures for market-making and proprietary trading.

Following the rapid 2018 cryptocurrency market correction and the effective closure of the ICO market, GSX Group strategically repositioned to focus on its digital securities exchange network. On January 13, 2021, GSX Group announced the sale of GBX to Australia-based Mine Digital for an undisclosed sum; trading ceased on January 20, 2021 and the exchange was formally closed, all customer accounts shut down, and the sale completed on January 29, 2021. Concurrently, GSX Group launched the ERC-20 GATE token as the unifying utility token of its ecosystem, with 900 million total supply swapped 1:1 from prior STACS and GATE Mainnet tokens. GBX no longer operates under its own brand.

Name

GBX

Legal name

GBX OÜ

Website

https://gbx.global

Company type

Private

Founded year

2021

Operating status

Acquired

Headcount range

11–50 employees

Short description

GBX (Global Blockchain Exchange) was a self-serve digital asset exchange (GBX-DAX) for retail traders and corporate accounts, operated by Estonian-licensed subsidiary GBX OÜ under Gibraltar-based GSX Group, and sold and closed in January 2021.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Centralized Crypto Exchanges (CEX) (FSAPADAA)

akta.pro secondary industries

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)

Keywords

• Digital asset exchange
• Virtual currency trading
• Cryptocurrency exchange
• Fiat-to-crypto exchange
• Custodial wallet services

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Transaction and Withdrawal Fees: GBX charged fees for virtual currency withdrawals as detailed in the GBX DAX Support Centre. Fiat currency deposits and withdrawals were free for users, though the payment provider charged approximately US$40 per fiat withdrawal.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

GBX operated the GBX Digital Asset Exchange (GBX-DAX), a licensed secondary market platform enabling retail and corporate users to buy, sell, hold, and exchange virtual currencies (including Bitcoin, Ethereum, and utility tokens) against virtual and fiat currency. The offering included deposit and withdrawal processing, order matching, custodial wallet services (Omnibus Digital Enterprise Wallet), and KYC/AML onboarding. The exchange was closed on 29 January 2021 after the business was sold to Mine Digital.

Product overview

GBX operated as a single product digital asset exchange — the GBX Digital Asset Exchange (GBX-DAX) — a secondary market platform for buying, selling, holding, and exchanging virtual currency (including Bitcoin, Ethereum, and utility tokens) against virtual and fiat currency. GBX also maintained its own utility token ecosystem, which evolved from the STACS and GATE Mainnet tokens into a single ERC-20 GATE token (launched January 2021) used within the GSX Group's broader digital securities strategy. The GBX-DAX was sold to Mine Digital on 29 January 2021 and is no longer in operation under the GBX banner.

Differentiator

Problem solved

Functional benefit

Products and services

• GBX Digital Asset Exchange (GBX-DAX) A secondary market exchange platform enabling individual retail traders and corporate accounts to buy, sell, hold, and exchange virtual currencies (such as Bitcoin and Ethereum, plus utility tokens) against virtual and fiat currency. Includes deposit/withdrawal processing, order matching, custodial wallet services, and KYC/AML onboarding. The exchange was closed on 29 January 2021.
• ERC-20 GATE Token The unified utility token of the GSX Group ecosystem, replacing prior STACS and GATE Mainnet tokens. Used for on-chain fees, staking, and rewards within the broader digital securities markets strategy. Listed by Mine Digital in March 2021.

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered major and core.

• Mine DigitalmajorOthers · 13 January 2021Mine Digital, an Australian-based digital asset exchange and brokerage firm, acquired GBX for an undisclosed sum as part of GSX Group's strategic repositioning. Mine Digital aims to be a leading crypto-fiat exchange in the APAC region and is developing derivative markets for retail and wholesale investors. The acquisition was completed on January 29, 2021.
• GSX GroupcoreStrategic or Co-development PartnerGBX is a subsidiary of GSX Group, a Gibraltar-based company. GSX Group operates related entities including STACS Network and Juno Services. GSX Group sold GBX in January 2021 to focus on digital securities markets.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Binance: World's largest centralized crypto exchange by volume, offering spot, derivatives, and a broad product suite. Comparable as a global CEX with fiat on/off-ramps and integrated wallet services, though at far greater scale and a more centralised product range than GBX.
• Coinbase: US-headquartered publicly listed centralized crypto exchange offering spot trading, custody, and wallet services to retail and institutional clients globally. Comparable as a regulated, multi-jurisdiction CEX with integrated wallet, but operates at vastly larger scale and broader product breadth than GBX.
• Bitfinex: Hong Kong-headquartered centralized crypto exchange offering spot, margin, and derivatives trading. Comparable as a CEX serving sophisticated retail and institutional traders across multiple jurisdictions, with overlapping fiat and virtual currency product set.
• Kraken: US-based long-standing centralized crypto exchange serving retail and institutional clients across multiple jurisdictions with spot trading and staking. Comparable as a regulated multi-jurisdiction CEX with strong compliance orientation similar to GBX's FIU licensing approach.

Direct peers

• BTC Markets: Australia-based AUSTRAC-registered centralized crypto exchange offering AUD spot trading and OTC services. Comparable as a regulated Australian CEX with fiat rails similar to those operated by GBX, and a relevant peer given Mine Digital's APAC focus.
• CEX.IO: UK-registered centralized crypto exchange offering spot trading, staking and fiat on/off-ramps to a global user base. Comparable as a European-licensed fiat-crypto CEX with self-serve KYC onboarding and corporate account capabilities similar to GBX's platform.
• Coinsquare: Canada-based CIRO- and FINTRAC-registered centralized crypto exchange offering spot trading and staking. Directly comparable as a regulated, mid-sized fiat-crypto CEX serving retail and corporate accounts in a similarly restrictive geographic footprint.
• Independent Reserve: Australia's longest-running centralized crypto exchange, AUSTRAC-registered, offering OTC and retail trading in AUD. Directly comparable as a regulated APAC fiat-crypto CEX with similar institutional and retail onboarding requirements, and a natural peer given both firms' Australian ecosystem overlap.
• Mine Digital: Australian-based digital asset exchange and brokerage firm that acquired GBX in January 2021. Directly comparable as a fiat-crypto exchange targeting APAC retail and wholesale users; now inherits GBX's licensed entity and customer accounts.
• Bitstamp: Europe-based centralized crypto exchange licensed in Luxembourg and operating across EU/EEA and other jurisdictions. Directly comparable to GBX as a regulated European CEX focused on fiat-crypto spot trading for retail and institutional users, with a similar geographic profile.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat1 record

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/global-blockchain-exchange

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GBX