Cryptocurrency trading and risk management platform provider Caspian has entered into a partnership with the licensed cryptocurrency exchange Gemini to connect institutional investors and high volume traders with multiple exchanges through a single interface.
Caspian offers professional level order placement, execution, risk management, and compliance features that satisfy the needs of regulators.
Robert Dykes, CEO of Caspian said
“Our aim at Caspian is to drive exponential growth in crypto-trading participation amongst institutional and sophisticated investors. Our new partnership with Gemini will help us to not only increase our user base but also provide sophisticated connectivity and interoperability across various cryptocurrency exchanges.”
Caspian, an entity created through a joint venture between Tora, the global provider of advanced investment management technology, and Kenetic, a blockchain technology firm, is working towards the addition of 40 crypocurrency trading platforms by the end of June to its prevailing exchange connections. Caspian presently connects to over 10 cryptocurrency exchanges, including BitMEX, GDAX (FIX), Gemini (FIX), Bitfinex, Poloniex, Binance, and BitFlyer.
Ben Roth, Global Head of Trading at Kenetic
“The fragmented landscape that exists at present means you have the same assets trading on a whole variety of different exchanges, which makes price discovery inefficient. Our partnership with Gemini – which is part of our ongoing strategy to add 40 exchanges by the end of June – allows institutional and sophisticated investors to trade more effectively and efficiently.”
Gemini, which serves both individuals and institutions, is regulated by the New York State Department of Financial Services (NYSDFS). The exchange confirms to AML (anti-money laundering) and KYC (know your customer) requirements, and protects consumer interests as stipulated by NYSDFS and Bank Secrecy Act (BSA).
Caspian’s multiple exchange interface enables large volume trading without affecting the prices in the market. The prevailing fragmented system often leads to liquidity and slippage issues. The inefficiencies have also made it difficult to perform audits.
In addition to experienced customer support, Caspian offers investors with a Risk Management System (RMS), Order and Execution Management System (OEMS), and Portfolio Management System (PMS).
Gemini Trust Company, LLC (Gemini) is a new generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets such as Bitcoin and Ether. Gemini is a New York trust company that is held to the highest level of fiduciary obligations, capital reserve requirements, and banking compliance standards. Gemini was founded in 2014, by brothers Cameron and Tyler Winklevoss, to build a bridge to the future of money. Gemini, in partnership with Cboe Exchange, Inc., launched the first-ever Bitcoin futures contract in December of 2017.
Caspian, a joint venture between Tora and Kenetic, has a successful track records in asset management and cryptocurrency investing. Tora is a leading supplier of asset management technology, including an OEMS that averages monthly notional equity volume exceeding US$100 billion and is currently responsible for 17% of Japanese institutional equity trading volume. Kenetic is a blockchain firm committed to expanding the development and adoption of blockchain platforms through investments, advisory services, community and technology.