Beeks Financial Cloud Group PLC Launch of Crypto Offering with Gemini Connectivity
21 March 2018 - 6:02PM
RNS Non-Regulatory
TIDMBKS
Beeks Financial Cloud Group PLC
21 March 2018
Beeks Financial Cloud Group plc
("Beeks" or the "Company")
Beeks Financial Cloud Launches Crypto Connect Offering with
Gemini Connectivity
Glasgow, March 21, 2018 -- Beeks Financial Cloud Group Plc, a
cloud computing and connectivity provider for financial markets, is
pleased to announce entry into the cryptocurrency market via a
collaboration with Gemini Trust Company, LLC ("Gemini"), a
next-generation digital asset exchange and custodian.
Gemini is a licensed digital asset exchange and custodian built
for both individuals and institutions. As a New York trust company
regulated by the New York State Department of Financial Services
(NYSDFS), Gemini is a fiduciary and is therefore subject to the
capital reserve requirements, cybersecurity requirements, and
banking compliance standards set forth by the NYSDFS and the New
York Banking Law (NYBL).
The Beeks Cloud has nine data centres globally, providing
low-latency infrastructure and connectivity for institutional
capital markets. Via this new collaboration, Beeks can provide
direct connectivity to Gemini via the Beeks Cloud, allowing Beeks'
clients who are existing clients of Gemini to source and trade
Bitcoin and Ethereum legitimately and securely.
Bitcoin and Ethereum are currently the two largest digital
currencies in the world. Both Ethereum and Bitcoin are
decentralised payment networks, with their own cryptographic
currency, that allow anonymous payments to be sent across the
internet without the need for a bank or other third party. Coded
transactions are stored in a decentralised ledger, the blockchain,
and are visible for everyone on the network to see.
The direct connection will be available as part of a Beeks
Crypto Connect package via the Beeks Marketplace, including a
dedicated server and cross-connect within the NY4 datacentre.
The launch is part of the on-going expansion of the Beeks
offering, which now covers the Forex, Futures, Fixed income and
Cryptocurrency markets.
Gordon McArthur, CEO of Beeks Financial Cloud, commented,
"Cryptocurrency trading is growing in popularity and this is a
service our institutional clients have been wanting for some time,
as they seek a means to trade cryptocurrencies legitimately and
securely. The high level of regulation on the Gemini Exchange
provides our customers with an assurance of greater security in a
volatile market. In a highly significant industry, this new service
has the potential to be a valuable move for Beeks as we seek to
expand our offering across the key markets for automated
trading."
For further information please contact:
Gemini Trust Company Bizdev@gemini.com
Beeks Financial Cloud Group
plc
Gordon McArthur, CEO via Alma PR
Simon Goulding, CFO
Cenkos Securities plc +44(0)131 220 6939
Derrick Lee / Beth McKiernan
Alma PR +44(0)20 8004 4219
Caroline Forde / Josh Royston
/ Helena Bogle
ABOUT GEMINI
Gemini Trust Company, LLC ("Gemini") is a next generation
digital asset exchange and custodian that allows customers to buy,
sell, and store digital assets such as bitcoin and ether. Gemini is
a New York trust company that is held to the highest level of
fiduciary obligations, capital reserve requirements, and banking
compliance standards. Gemini was founded in 2014, by brothers
Cameron and Tyler Winklevoss, to build a bridge to the future of
money. For more information, visit Gemini.com.
ABOUT BEEKS FINANCIAL CLOUD
Beeks Financial Cloud is a UK-based low-latency service provider
for automated (also known as algorithmic) trading in Forex and
Futures financial products. With nine data centres globally and
low-latency connectivity between sites, Beeks Financial Cloud
focuses on reducing barriers to entry and time to market for
institutional clients trading forex/futures. For more information,
visit: www.beeksfinancialcloud.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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