Kaiko and Gemini have recently announced a partnership that will see the integration of Kaiko Benchmark Reference Rates into the Gemini Foundation’s derivatives trading platform. This collaboration aims to enhance the trading experience for users by providing accurate and reliable market data.
The Gemini Foundation, a well-known crypto trading and storage platform, will utilize the Kaiko Benchmark Reference Rates for its derivatives trading platform. This will allow users to access a marketplace that offers fair valuation of portfolios, particularly in Gemini’s stablecoin, GUSD. The rates are calculated using price information from the Gemini exchange and other reputable sources, ensuring accuracy and credibility.
Kaiko, a global company specializing in derivatives trading services, is excited about this partnership. Through the integration of Kaiko Benchmark Reference Rates, users will have access to quality data and reliable pricing information. This collaboration is aimed at improving the overall trading experience on the Gemini platform.
William Cai, the managing director of Kaiko Indices, expressed enthusiasm about the collaboration, emphasizing the importance of providing users with accurate and comprehensive market information. Neil Sheppard, Head of Derivatives at Gemini, echoed this sentiment, highlighting Gemini’s commitment to offering users a valuable resource for trading cryptocurrency derivatives.
Overall, the partnership between Kaiko and Gemini is intended to enhance the trust and reliability of the cryptocurrency derivatives market. By leveraging Kaiko’s data solutions, Gemini aims to deepen the trading experience for its users and provide them with the tools to make informed decisions. This collaboration signifies a step towards improving the current landscape of cryptocurrency trading.