Recently, Capsian and Gemini have announced their coming together as partners to help expand cryptocurrency-trading among institutions and traders. In particular, the key interest is to connect such individuals with multiple exchanges from a single interface.
The decision to join forces with Gemini, was a strategy on Caspian’s part to make one of its several goals come true. Caspian is a joint venture between Tora, a global trading platform that connects with over 150 exchanges worldwide and Kenetic, a Blockchain platform that is working towards coming up with ways of adopting blockchain technology through investments, and this collaboration is believed to add 40 more trading platforms by the end of June.
Caspian is proclaimed as a full stack crypto asset management solution, which was created with the intentions to deliver a single interface that help to manage one’s trading experience, maximized security. In addition, it delivers and a trading stack, which claims to include portfolio, order, execution and risk management systems. Some of the crypto exchanges that Caspian currently connects with (there are 10 altogether) include BitFlyer, Binance, Bitfinex, BitMEX, and GDAX to name the least.
On the other hand, we have Gemini, a U.S. licensed digital asset exchange that has been built for individual and business purposes and is regulated by the New York State Department of Financial Services (NYSDFS). Their goals is to prevent money laundering, and must follow guidelines related to the know your customer (KYC) requirements, and consumer protections set forth by the Bank Secrecy Act (BSA).
Ultimately, institutions and traders will have access to different exchanges that can enhance their asset management experience. According to Ben Roth, Global Head of Trading at Kinetic, “trading will become more effective and efficient”.