Caspian, a full-stack crypto trading and risk management platform for professional investors today announced it will connect with Gemini, the U.S. licensed digital asset exchange. The goal of the strategic partnership is to connect institutional investors and active traders with multiple exchanges from a single interface.
This partnership comes as Caspian – which is a joint venture between Tora, a leading global provider of advanced investment management technologies, and Kenetic, the blockchain firm committed to expanding the development and adoption of blockchain platforms – implements its strategy of adding 40 trading platforms by the end of June to its existing exchange connections.
[perfectpullquote align=”full” bordertop=”false” cite=”Robert Dykes, CEO of Caspian” link=”” color=”” class=”” size=””]“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.”[/perfectpullquote]
[perfectpullquote align=”right” bordertop=”false” cite=”Ben Roth, Global Head of Trading at Kenetic.” link=”” color=”” class=”” size=””]“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.”[/perfectpullquote]
Caspian provides professional-grade trade order, execution, compliance and risk management features to meet investors’ regulatory and operational needs. It currently connects to over 10 major crypto-exchanges, including Gemini (FIX), BitMEX, GDAX (FIX), Bitfinex, Poloniex, BitFlyer, and Binance.
Gemini is a licensed digital asset exchange and custodian built for both individuals and institutions, which is regulated by the New York State Department of Financial Services (NYSDFS). Gemini must adhere to all anti-money laundering (AML) laws, know your customer (KYC) requirements, and consumer protections set forth by the Bank Secrecy Act (BSA) and NYSDFS.
Caspian is a solution that addresses the needs of crypto-investors who are implementing a diverse strategy that currently requires them to execute trades and maintain target allocations across many exchanges. This fragmentation of crypto-exchanges creates liquidity and slippage issues, as well as a challenging audit and compliance environment.
Caspian provides investors with a comprehensive Order and Execution Management System (OEMS), Portfolio Management System (PMS) and Risk Management System (RMS), backed by experienced customer support. Its features include professional-grade execution, portfolio management, and reporting capabilities.