Gemini Trust LLC, the New York-based cryptocurrency exchange and custodian led by the Winklevoss twins, has joined the BT Radianz Cloud in order to tap its global market reach and ability to scale with a commercial structure familiar to large institutions.
BT’s secure networked financial cloud community consists of thousands of brokers, institutions, exchanges and clearing and settlement houses. By joining the network, Gemini will be able to reach a vast number of participants looking to enter the cryptocurrency market.
Nick Vigier, Chief Information Officer at Gemini, commented: “No other cryptocurrency exchange in the world offers our caliber of top performance and breadth of connectivity options. 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. This strengthens our institutional investor connectivity and helps us better scale our offerings in this space.”
Michael Woodman, managing director of BT Radianz, said: “Global financial institutions have very specific requirements about the performance, resilience, and security of the infrastructure over which they trade. 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.”
In mid-June 2018, BT deployed ipushpull’s live data sharing and collaboration services to upgrade its cloud-based data security and to speed up decision making, boost productivity and improve efficiency.