Gemini Acquires Crypto Trading Tech Platform Omniex

The buy allows the company to publicly launch a crypto prime-brokerage offering


Source: Shutterstock


key takeaways

  • The acquisition and integration of Omniex will help simplify the experience for institutional investors looking to go deeper into crypto, the company said
  • Gemini announced the acquisition of digital asset portfolio management platform BITRIA last week

Less than a week after announcing its acquisition of digital asset portfolio management platform BITRIA, crypto exchange Gemini has bought trading technology platform Omniex

Founded in 2017 by former State Street executives, Omniex provides order, execution and portfolio management system solutions for institutional crypto trading.

The acquisition and integration of Omniex into Gemini’s existing institutional custody, clearing and trading solutions simplifies the experience for institutional investors looking to go deeper into crypto, said Dave Abner, Gemini’s global head of business development.

Specifically, the integration will provide a single point of access to multiple exchanges and OTC liquidity sources, tools and algorithms to ensure trade transparency, and a trading experience with application programming interface (API) connectivity, according to Gemini’s Wednesday announcement.  

The buy allows Gemini to publicly launch a crypto prime-brokerage offering, Gemini Prime, which select clients have been using over the past year. The product’s full rollout is slated for the second quarter.

The Omniex team will be joining Gemini to expand and drive platform capabilities for the prime services division.

Gemini is seeking to build out its institutional business with crypto solutions that resemble offerings within traditional finance, Abner told Blockworks.

The company announced its purchase of BITRIA last week. That acquisition allows financial advisors to gain exposure beyond the closed-end funds and spot ETFs focused on the largest tokens, Abner previously noted.

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