Kaiko recently announced a new collaboration with the renowned cryptocurrency trading and storage platform, Gemini. This partnership focuses on utilizing the Gemini Foundation and incorporating the derivatives trading platform offered by Gemini. The main objective is to introduce the Kaiko Benchmark Reference Rates marketplace.
Exciting news from Kaiko as they join forces with Gemini. The Gemini Foundation will integrate the Kaiko Benchmark Reference Rates into its derivatives trading platform. For more details, check out the full announcement here:
The Kaiko Benchmark Reference Rates play a crucial role in enhancing portfolio valuation. This global company specializes in providing derivatives trading services across various sectors. Initially, the platform was designed for trading perpetual contracts, with future plans to include dated futures and options. Users have the ability to trade assets like Bitcoin, Ethereum, and Solana without the need to physically hold or own them. It is important to note that user portfolios are calculated in GUSD, Gemini’s stablecoin.
This approach ensures a fair valuation of GUSD portfolios as cryptocurrency prices may vary based on factors like market depth. This is where reference rates become essential. The Kaiko Benchmark Reference Rates utilize price data from the Gemini exchange and other reliable sources, employing a robust method to calculate prices. These rates are automatically updated at five-second intervals.
Kaiko aims to bring high-quality data and reliability to the Gemini derivatives platform. William Cai, the managing director of Kaiko Indices, expressed enthusiasm for the partnership. He highlighted that Kaiko would provide top-notch data, solid reliability, and industry-leading practices in index design and management.
Neil Sheppard, the Head of Derivatives at Gemini, emphasized Gemini’s commitment to offering users accurate and comprehensive market information. This collaboration aims to enhance the trading experience on Gemini by leveraging innovative data solutions. The partnership intends to enhance the Gemini trading platform by providing GraniteShare with precise real-time data on new ETFs. This will empower Gemini traders to make well-informed decisions.
In conclusion, Kaiko and Gemini are proud to collaborate in enhancing trust and reliability in the cryptocurrency derivatives market. This partnership signifies a significant step towards improving the overall trading experience for Gemini users. Tags: Gemini