Kaiko has recently announced an exciting partnership with the renowned 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 integrate the Kaiko Benchmark Reference Rates into its derivatives trading platform. This partnership aims to enhance portfolio valuation for users trading various assets such as Bitcoin, Ethereum, and Solana on the platform without the need to physically hold these assets. Portfolios on the platform are denominated in GUSD, Gemini’s stablecoin, ensuring a fair valuation as cryptocurrencies may trade at a premium or discount based on market conditions.
Kaiko Benchmark Reference Rates utilize price data from the Gemini exchange and other reliable sources, employing a rigorous methodology to calculate prices accurately. These rates are updated automatically every 5 seconds, providing users with real-time information for informed decision-making.
William Cai, the managing director of Kaiko Indices, expressed enthusiasm for the partnership, highlighting Kaiko’s commitment to delivering quality data and reliability to the Gemini derivatives platform. He emphasized the importance of industry best practices in index design and management.
Neil Sheppard, Head of Derivatives at Gemini, underscored the platform’s dedication to offering accurate and comprehensive market information to users. This collaboration aims to enhance the trading experience on Gemini by leveraging data solutions to provide users with trustworthy real-time data for making informed decisions.
The partnership between Kaiko and Gemini aims to bolster trust in the cryptocurrency derivatives market by improving the trading platform and providing users with reliable data. Both companies are excited to work together to enhance the trading experience on Gemini and provide users with valuable insights for successful trading.