Business
Launch of Crypto Offering with Gemini Connectivity
Launch of Crypto Offering with Gemini Connectivity.
About this update from Beeks Financial Cloud Group Plc
[{"type":"text","content":"\n \nRNS Number : 3468I Beeks Financial Cloud Group PLC 21 March 2018 \n\n \n \nBeeks Financial Cloud Group plc\n(\"Beeks\" or the \"Company\")\n \nBeeks Financial Cloud Launches Crypto Connect Offering with Gemini Connectivity\n \n \nGlasgow, 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. \n \nGemini 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).\n \nThe 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. \n \nBitcoin 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.\n \nThe 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. \n \nThe launch is part of the on-going expansion of the Beeks offering, which now covers the Forex, Futures, Fixed income and Cryptocurrency markets.\n \nGordon 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...