Gemini, the popular bitcoin and crypto exchange, today announced the launch of Electronic Over-the-Counter Trading (eOTC), an automated crypto trading solution designed for institutions.
Gemini eOTC The solution offers a variety of benefits to institutional traders, including:
- Competitive Pricing and Execution: Liquidity is sourced from leading liquidity providers with deep liquidity pools, allowing counterparties to place large orders for immediate execution at an optimal price, while incurring minimal transaction costs. Note that the minimum trade size is a notional value of $1,000 per order.
- User-friendly interface: eOTC users can customize their Gemini eOTC interface to get real-time visibility into the price movement of the assets they wish to trade and follow.
- Deferred settlement: Gemini eOTC is natively integrated with Gemini Colony. All trade obligations can be settled at a pre-determined time using a single settlement ticket. With intraday deferred net settlement, counterparties can increase capital efficiency and avoid missed opportunities that can result from pre-funding requirements.
- Regulated: GTC is a full-reserve exchange and qualified custodian under New York law. GTC is licensed by the New York State Department of Financial Services (NYDFS) and is SOC 2 Type II compliant.
“We developed this product for institutional investors, with experienced traders playing a key role in the design of the product. Gemini eOTC builds on Gemini’s existing custody, settlement and OTC trading capabilities that have been tailored to the needs of institutional traders. The product is SOC2 Type 2 compliant, providing counterparties with the high level of trust, security, and compliance they expect from Gemini.
– The Gemini team
Currently, Gemini eOTC is available in 70 jurisdictions, including the United States (available in all states except New York residents), United Kingdom, Ireland, and Singapore.
For more information on Gemini eOTC, see frequently asked questions.