Today, we are thrilled to introduce Gemini Clearing™, a fully-electronic clearing and settlement solution for off-exchange or over-the-counter (OTC) crypto trades.
Gemini Clearing™ allows trades that are negotiated off-exchange or OTC to settle between Gemini accounts. Such trades can either be arranged bilaterally between two parties or brokered via a third party. Gemini Clearing™ provides regulated clearing and settlement services for such pre-arranged trades, which helps to ensure timely settlement and mitigate counterparty risk.
Gemini Clearing™ Benefits:
- Clearing & Settlement — a trade settles immediately or inside an approved settlement window.
- Counterparty Risk — no funds are transferred between Gemini accounts until both parties of the trade are fully funded.
- Regulatory/Compliance — each party is subject to Gemini’s robust KYC and BSA/AML program.
- Privacy — trade details are known only to the parties involved and are not published via Gemini’s market data feed.
- Non-Circumvention — Gemini does not have an OTC desk.
For customers looking for an additional layer of service and control, Gemini also offers a white glove solution for off-exchange clearing and settlement.
For more information on Gemini Clearing™ and our full suite of premier off-exchange services, please contact email@example.com.
Onward and Upward,
Jeanine Hightower-Sellitto, Managing Director of Operations