Kaiko’s recent announcement of a partnership with Gemini, a well-known cryptocurrency trading and storage platform, is making waves in the industry. This collaboration focuses on the utilization of the Gemini Foundation and the derivatives trading platform offered by Gemini, incorporating the Kaiko Benchmark Reference Rates marketplace.
Exciting news from Kaiko as they reveal their partnership with Gemini! The Gemini Foundation will be integrating the Kaiko Benchmark Reference Rates into their derivatives trading platform. For more details, check out the full announcement here: https://t.co/RVh5FkxqxC – Kaiko (@KaikoData) June 6, 2024
Kaiko Benchmark Reference Rates play a crucial role in enhancing portfolio valuation for users across the globe. This company specializes in providing derivatives trading services in various sectors. Initially focused on perpetual contracts, future plans include the addition of dated futures and options. Users have the ability to trade assets like Bitcoin, Ethereum, and Solana without the need to physically own them. It’s important to note that portfolios are calculated in GUSD, Gemini’s stablecoin, ensuring fair valuation as cryptocurrencies may trade at a premium or discount based on market factors. Reference rates play a key role in this process, utilizing price information from Gemini exchange and other reliable sources to calculate prices accurately. Rates are updated automatically every 5 seconds.
Kaiko is dedicated to bringing quality data and reliability to the Gemini derivatives platform. William Cai, the managing director of Kaiko Indices, expressed excitement about the partnership, highlighting the value Kaiko brings in terms of data quality, firm reliability, and industry best practices in index design and management. Neil Sheppard, Head of Derivatives at Gemini, emphasized the platform’s commitment to providing users with accurate and comprehensive market information. This collaboration aims to enhance the trading experience on Gemini by leveraging top-notch data solutions.
The partnership between Kaiko and Gemini is set to improve the Gemini trading platform by offering GraniteShare real-time data on new ETFs, empowering users to make informed decisions. Both Kaiko and Gemini are pleased to work together to enhance trust in the cryptocurrency derivatives market.
Tags: Gemini