Kaiko has recently announced an exciting partnership with the reputable crypto trading and storage platform, Gemini. This collaboration will focus on integrating the Gemini Foundation with the derivatives trading platform offered by Gemini, incorporating the Kaiko Benchmark Reference Rates marketplace.
Gemini Foundation will utilize the Kaiko Benchmark Reference Rates for its derivatives trading platform, enhancing portfolio valuation for users. The rates will be crucial in offering fair valuations of portfolios denominated in GUSD, Gemini’s stablecoin, as cryptocurrencies can fluctuate in value based on various market factors. By using price data from the Gemini exchange and other reliable sources, Kaiko Benchmark Reference Rates ensure accurate and updated pricing information every 5 seconds.
Kaiko, a global company specializing in derivatives trading services, initially focused on perpetual contracts trading and has plans to expand into dated futures and options trading. Users will have the opportunity to trade assets like Bitcoin, Ethereum, and Solana without the need to physically hold these assets. The collaboration with Gemini aims to provide quality data, reliability, and industry best practices in designing and managing indices for the derivatives platform.
William Cai, the managing director of Kaiko Indices, expressed enthusiasm for the partnership, emphasizing Kaiko’s commitment to delivering top-notch data and reliability to the Gemini Foundation derivatives platform. Neil Sheppard, Head of Derivatives at Gemini, highlighted the platform’s dedication to providing accurate and comprehensive market information to users, enhancing the trading experience on Gemini with advanced data solutions.
The collaboration between Kaiko and Gemini is set to elevate the Gemini trading platform by offering GraniteShare real-time data on new ETFs, empowering users to make informed decisions. By joining forces, Kaiko and Gemini aim to enhance trust in the cryptocurrency derivatives market and provide users with a reliable trading experience.