Kaiko has recently announced an exciting partnership with the well-respected crypto trading and storage platform, Gemini. 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.
The Gemini Foundation will be integrating the Kaiko Benchmark Reference Rates into its derivatives trading platform, enhancing portfolio valuation for users. This global company specializes in providing derivatives trading services across various sectors, initially focusing on perpetual contracts with plans to introduce dated futures and options. Users can trade assets like Bitcoin, Ethereum, and Solana without the need to physically own them. It is important to note that portfolios are calculated in GUSD, Gemini’s stablecoin.
This approach ensures a fair valuation of GUSD portfolios, as cryptocurrencies may trade at a premium or discount based on market conditions. The Kaiko Benchmark Reference Rates leverage price data from the Gemini exchange and other reputable sources, employing a robust methodology to calculate prices. These rates are updated automatically at 5-second intervals.
William Cai, the managing director of Kaiko Indices, expressed enthusiasm for the partnership, highlighting Kaiko’s commitment to providing quality data and reliable practices to the Gemini derivatives platform. Neil Sheppard, Head of Derivatives at Gemini, emphasized the platform’s dedication to offering accurate and comprehensive market information to users, enhancing their experience with cryptocurrency derivatives trading.
The collaboration aims to enhance the Gemini trading platform by providing real-time data to GraniteShare on new ETFs, empowering users to make informed decisions. Kaiko and Gemini are proud to work together in strengthening trust in the cryptocurrency derivatives market, offering a valuable resource for traders.
Tags: Gemini