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INSTITUTIONAL

JAN 19, 2023

Gemini Launches a Fully Electronic Over-the-Counter Trading (eOTC) Solution

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BL eOTC (1)

Today, we are thrilled to announce the launch of electronic over-the-counter trading (eOTC), a fully-automated crypto trading solution tailored to institutional counterparties worldwide, which will be offered through an affiliate of Gemini Trust Company, LLC (GTC).1

Gemini eOTC2 offers a variety of benefits to institutional traders including:

  • Competitive pricing with optimal execution: Liquidity is sourced from top-tier liquidity providers with deep liquidity pools, enabling counterparties to place large orders for immediate execution at optimal pricing, while incurring minimal transaction costs.
  • Intuitive interface: Traders can customize their Gemini eOTC interface to get real time visibility into changing prices for the assets they are interested in and place and track the status of their trades in real time.
  • Delayed settlement: Gemini eOTC is natively integrated with Gemini Settlement. All trade obligations can settle at a predetermined time through a single settlement ticket. Through intra-day delayed net settlement, counterparties can increase capital efficiency and avoid missed opportunities that can result from pre-funding requirements.
  • Trust and safety: At Gemini, trust and security are our top priorities. GTC is a full-reserve exchange and qualified custodian under the New York Banking Law. GTC is licensed by New York State Department of Financial Services (NYDFS) and SOC 2 Type II compliant. For more information, please visit the Gemini Trust Center.

Reimagining OTC Crypto Trading

Trading crypto at scale can be complicated and costly. Using a single exchange for a large-scale order can generate significant market impact and slippage, and spreading the trade across multiple exchanges can be expensive and inefficient. To alleviate these issues many institutions turn to over-the-counter (OTC) trading. Today, many OTC trading platforms operate manually through voice and chat involving multiple human touchpoints that can result in taking hours to execute a trade and a lack of visibility into trade status and real-time pricing.

Gemini eOTC was built to combine the pricing, deep liquidity, and delayed settlement benefits of OTC trading with the automation, security, and visibility of an integrated trading platform. We developed this product for institutional investors, with experienced traders playing an integral role in the design of the product.

eOTC Screenshot 2023-01-18 (1)

Building on a Powerful Suite of Institutional Products

Gemini eOTC builds on Gemini’s existing custody, settlement, and OTC trading capabilities that have been tailored to the needs of institutional traders. The product is SOC2 Type 2 compliant, providing counterparties with the high level of trust, security, and compliance they have come to expect from Gemini.

To learn more about the Gemini eOTC offering, please visit www.gemini.com/eotc.

Onward and Upward!

The Gemini Team

1 Gemini eOTC will be offered through GTC affiliate Gemini NuSTAR, LLC.
2 Gemini eOTC is currently available in 70 jurisdictions including the U.S. (available in all states excluding New York State residents), UK, Ireland, and Singapore.

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