Gemini, the licensed and regulated digital asset exchange and custodian founded by the Winklevoss twins, has joined the BT Radianz Cloud thanks to a partnership with the financial and infotech services arm of British Telecom (BT).
This development is not to be understated, as it opens the doors to a mass of institutional clients, including thousands of exchanges, brokers, fintech institutions, and clearing settlement houses.
Global Reach of the BT Radianz Cloud
British Telecom is the UK’s largest telecoms provider, with operations in 180 countries all over the world, serving multinational organizations with security as well as cloud and networking services via BT’s Radianz.
Per the press release, Gemini’s joining of the Radianz Cloud will allow the exchange to tap into its global market reach and as it scales with a commercial structure familiar to large institutions.
Institutions who are members of the Radianz Cloud community will benefit from the security and performance standards of Radianz when accessing Gemini’s platform. Some notable institutions that are already strategic members of Radianz Cloud include Microsoft, Cisco, Dell, Oracle, Symantec, and Amazon Web Services.
Huge Potential for New Institutional Clients Through the BT Radianz Collaboration
According to Nick Vigier, the CEO of Gemini, the Radianz Cloud partnership will strengthen the exchanges connectivity with institutional investors and help them to better scale their offerings.
Adding to this Vigier said:
“No other cryptocurrency exchange in the world offers our calibre 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.”
Backing up what was said by Vigier, the managing director of BT Radianz, Michael Woodman, explained just how important the specific requirements of institutional trading infrastructure is to financial institutions.
He proclaimed that Radianz Cloud meets institutional requirements and will allow institutions to do business with Gemini. Explaining the significance of this partnership in great detail, Woodman said:
“Global financial institutions… 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.”
Will Gemini’s partnership with BT Radianz Cloud significantly impact institutional investment into crypto? Let us know what you think in the comment section below.