Gemini to Handle Execution and Clearing for Apex Brokerage Crypto Contracts

Gemini has entered an alliance with Apex to provide execution and clearing services for crypto event contracts that brokerages offer to their clients. Under the agreement, brokerages using Apex’s platform will route these contracts to Gemini for settlement.

How the Partnership Works

Brokerages that list crypto event contracts via Apex will rely on Gemini’s infrastructure to process trades and manage clearing. This arrangement aims to streamline the transaction flow for participants in these markets.

Implications for Market Participants

The collaboration could enhance liquidity and operational efficiency for brokerages offering crypto derivatives, as Gemini brings established clearing capabilities to the partnership.