Winklevoss Exchange And Omniex To Launch Infrastructure For Large Investors
The Omniex business platform and the Gemini exchange, founded by the Winklevoss brothers, have entered into a partnership to develop an infrastructure for institutional investment in the crypto sphere, according to a press release.
"Cross-connecting to Gemini in NY5 further expands the unrivaled level of reliability and performance our clients expect and need to execute on their investment strategies." - Hu Liang of @OmniexInc https://t.co/lUO8dZ6k8e pic.twitter.com/zA33AMqwqQ— Gemini (@GeminiTrust) October 10, 2018
Investors' interest in the digital asset market continues to grow, but the industry cannot offer a quality business infrastructure that exists in traditional financial markets. It is reported that the structure of the crypto market is still fragmented and immature.
It is stressed that the future solution from Gemini and Omniex will improve communication within the ecosystem and add unique features for efficient crypto trading. The new ecosystem will support institutional investors who are just starting to work with digital assets.
According to Tyler Winklevoss, the Gemini co-founder, Omniex shares the company's philosophy that technologies must be created particularly for institutional investors to solve market problems and regulatory issues.
“As our ecosystem continues to mature, it will be vital to work with firms that understand the intricacies of institutional operations, while delivering best-in-class technology that empowers investors”, Winklevoss stated.
For its part, the Omniex team will provide services on portfolio and risk management, as well as on conducting transactions, and will also advise clients on legal issues.
The regulated Gemini platform offers a custodial service and the ability to trade and store cryptocurrency in accordance with the requirements of cyber security and the guarantee of the US financial regulator.
Earlier, the Winklevoss brothers promised to insure digital assets of users.