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Gemini acquires crypto trading platform in push to offer prime services

Crypto exchange Gemini continues to put to work its war-chest of capital, acquiring trading platform Omniex to offer more institutional services to its clientele. In a press release shared Wednesday, the New York-based firm said that it acquired Omniex to launch Gemini Prime, a new prime brokerage. The firm plans to integrate Omniex with its existing custody offering and over-the-counter trading services. While Gemini has provided services to large investors for several years with custody and OTC, the acquisition will …

Gemini acquires crypto portfolio management platform BITRIA

Crypto exchange Gemini announced Thursday that it has acquired BITRIA (formerly Blockchange), a crypto portfolio management platform for financial advisors and asset managers. The terms of the deal weren’t disclosed. The acquisition follows Gemini’s partnership with BITRIA in August 2020 that allowed registered investment advisors (RIAs) to buy, sell, and store crypto through Gemini. The acquisition will now allow Gemini and BITRIA to combine their offerings to serve the RIA industry. That means Gemini’s exchange and custody capabilities will be …

Mapping out Gemini’s acquisitions and investments

December 20, 2021, 3:22PM EST • 5 min read Quick Take Gemini is a regulated cryptocurrency exchange, wallet, and custodian for digital assets established in 2014 by brothers Cameron and Tyler Winklevoss NFTs, gaming, and the metaverse, an emerging market of late, has been an area of focus since its acquisition of Nifty Gateway in 2019 The establishment of Gemini Frontier Fund this year has resulted in an increasing number of investments in the crypto ecosystem by the exchange. In …

Gemini and Bancolombia to launch crypto pilot this month

Certain Bancolombia customers will soon be able to buy cryptocurrencies more easily, thanks to a pilot project launching next week that will allow users of the Colombian bank to link their accounts to New York-based exchange Gemini. The project involves connecting selected Bancolombia accounts to Gemini to facilitate cash-in and cash-out operations. This will provide an on- and off-ramp for trading bitcoin (BTC), ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).  “Our whole goal with this partnership is to make …