Kaiko, a global company specializing in derivatives trading services, has recently announced a partnership with Gemini, a well-known crypto trading and storage platform. The partnership will focus on the Gemini Foundation and the derivatives trading platform provided by Gemini, which will implement Kaiko Benchmark Reference Rates marketplace. These reference rates will enhance portfolio valuation by providing fair valuation of portfolios calculated in GUSD, Gemini’s stablecoin.
The derivatives trading platform offered by Gemini allows users to trade perpetual contracts on assets such as Bitcoin, Ethereum, and Solana without needing to physically own the assets. The portfolios are calculated in GUSD to ensure a fair valuation, as cryptocurrencies may trade with a premium or discount based on various factors. Kaiko Benchmark Reference Rates utilize price information from the Gemini exchange and other reputable sources, updating rates automatically in a 5-second interval to ensure accuracy and reliability.
William Cai, the managing director of Kaiko Indices, expressed excitement about the partnership with Gemini Foundation’s derivatives platform. He highlighted that Kaiko will bring quality data, reliable firmness, and industry best practices in designing and administering indices. Neil Sheppard, Head of Derivatives at Gemini, emphasized Gemini’s commitment to providing users with accurate and comprehensive market information, enhancing the trading experience on the platform by utilizing data solutions.
The collaboration between Kaiko and Gemini aims to improve the Gemini trading platform by providing GraniteShare with accurate real-time data on new ETFs. This will help Gemini trading users make informed decisions and deepen their trust in the cryptocurrency derivatives market. Both Kaiko and Gemini are thrilled to be partners in enhancing trust in the market and providing users with valuable resources for trading cryptocurrency derivatives.
Overall, the partnership between Kaiko and Gemini signifies a significant step towards improving the derivatives trading platform offered by Gemini. With the integration of Kaiko Benchmark Reference Rates, users can expect enhanced portfolio valuation and access to real-time, reliable data for making informed trading decisions. The collaboration showcases the commitment of both companies to providing quality services and resources to the cryptocurrency derivatives market, ultimately benefiting traders and investors on the Gemini platform.
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