Gemini ups institutional drive with BT Radianz connection

Gemini steps up efforts to reach incumbent crypto market players by joining network of brokers, institutions, exchanges and clearing and settlement houses.

Cryptocurrency exchange and custodian Gemini Trust has joined the BT Radianz Cloud network, gaining access to a major connectivity hub for institutional investors.

The announcement marks an irrefutable sign of Gemini’s intentions to reach the incumbent players of the capital markets.

BT Radianz consists of thousands of brokers, institutions, exchanges and clearing and settlement houses.

“Global financial institutions have very specific requirements about the performance, resilience and security of the infrastructure over which they trade,” said Michael Woodman, managing director of BT Radianz.

“They expect stringent service levels and will only do business under trusted commercial frameworks that help them to meet their own contractual and compliance requirements. This can make it difficult for small or new service providers to grow. By joining the Radianz Cloud, Gemini achieves the reach and scale demanded by global institutions and benefits from an established framework for doing business with them.” 

Gemini was established in 2014 by brothers Cameron and Tyler Winklevoss who are both renowned for having become two of the first Bitcoin billionaires in the world.

The exchange has also added experienced capital markets professionals over the past year, including two NYSE executives.

“Adding Radianz Cloud connectivity to our current low latency offerings in the NY5 data centre allows our existing institutional customer base to access our FIX interface whether they are directly connected or in AWS,” said Nick Vigier, chief information officer at Gemini.

“This strengthens our institutional investor connectivity and helps us better scale our offerings in this space.”