– New regulatory certainty and technology upgrade allows GlobalBlock to scale rapidly –

London, United Kingdom and Vancouver, British Columbia–(Newsfile Corp. – July 27, 2022) – Service led digital asset broker GlobalBlock Europe, UAB (“GBE“), a subsidiary of publicly listed GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the “Company” or “GlobalBlock“), is pleased to announce that GBE has successfully launched its new mobile trading app. The enhanced technology and feature rich app complements GBE’s service led provision of digital asset services, which includes a dedicated and personalised telephone service.

This customer focused approach has allowed GBE to navigate the recent volatility in crypto markets, affording its clients the service and protection expected of respectable and traditional, well risk managed brokerage companies. GBE also ensures client assets have no inappropriate exposure to leverage, stablecoins or yield products and takes no proprietary positions against them.

The new enhanced features of the app include:

• – Live in-App support bringing you even closer to the trading and support teams
• – Major assets tradable in-App, with multiple tradable pairings denominated against USD, GBP, EUR and USDT
• – Circa 100 other assets available for trading over the telephone and via our new in-App ‘contact’ function
• – All your crypto balances and digital asset positions viewable in-App
• – Seamless in-App fiat and crypto deposits
• – Free withdrawals at any time
• – Responsive, intuitive and user friendly experience guaranteed

As of today, the app is downloadable from both the iOS App Store (link here) and Android Play Store (link here). In a week’s time GBE will undertake its marketing push to drive downloads and client acquisition, with a focus on the UK market to start with.

Rufus Round, CEO of GlobalBlock, said:

“At a time when many other crypto firms are under pressure from the recent developments within the industry and reining in investment in their technology, here at GlobalBlock we are preparing for the continued adoption of digital assets with the launch of our new app.

“Our technology upgrade is a foundational development for us as we continue to expand our digital asset product and service offering. We now have the ability to scale quickly, a development that has been delayed slightly whilst awaiting regulatory clarity. Now that we have this clarity, having established the business in Europe, we can commence our marketing efforts in earnest.

“As a highly experienced team from traditional finance and investment management, we understand the importance of risk controls and safeguarding client assets. It is worth reiterating that GlobalBlock does not partake in any lending, nor does it have any exposure to stablecoins or yield products that could put client assets at risk.”

ABOUT THE COMPANY

GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose subsidiary, GlobalBlock Europe, UAB (https://www.globalblock.eu), is a European Union based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app. Established by an experienced team of financial services professionals, GlobalBlock Europe, UAB acts as a trusted agent serving the digital asset needs of individuals, corporations, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets. At this time, clients or customers based in Lithuania and the UK can be onboarded to its digital asset broker and trading services.

For further information please contact the Company at:

Rufus Round, CEO
c/o 65 Curzon Street, London, W1J 8PE, United Kingdom
Tel. +44 20 3307 3795
[email protected]
https://globalblock.eu/ and http://www.globalblockdigital.com/
https://twitter.com/Globalblocknews
https://www.linkedin.com/company/globalblock/

Media Contact
Angus Campbell
Citigate Dewe Rogerson
[email protected]

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 and technologies of each of the Company and its subsidiaries, the continued adoption of digital assets, the exposure that the Company and its subsidiaries have to stablecoin and yield products and 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/132029