Avelacom Enhances Crypto Connectivity, Partners with Gemini

Avelacom continues to expand into the cryptocurrency industry by announcing that the Gemini Trust Company, LLC, a digital asset Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and custodian, has joined its list of crypto exchange technology vendors in Equinix’s NY5 Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term.

Avelacom provides the financial services industry with high-performance global connectivity and IT infrastructure. Under the partnership, clients of both Gemini and Avelacom will benefit, as the deal will bring increased connectivity options to Gemini.

Specifically, clients of the infrastructure provider can now connect directly to the exchange’s infrastructure in order to access market data and order routing via FIX protocol. This includes clients who are also users of Gemini.

Cryptocurrency exchange Gemini is applying to become a broker-dealer under the Financial Industry Regulatory Authority (FINRA). As Finance Magnates reported, regulatory approval from FINRA would allow the exchange operator to start acting as a venue for trading in securities.

Under the agreement, Gemini clients will also have access to additional connectivity options through Avelacom’s network presence, which includes New York, Dublin, Frankfurt, Zurich, San Jose, Tokyo, Hong Kong, and Seoul. The round-trip latency from Tokyo’s markets to Gemini is 136ms.

Commenting on the partnership, Aleksey Larichev, the Chief Executive Officer of Avelacom, said: “Gemini provides fundamental components to a robust, mature, and well-functioning cryptocurrency market including infrastructure for trading and custody.

“We believe this partnership will be beneficial for all involved as we match our tech capabilities to serve high-end trading firms across the US, Europe and Asia.”

Avelacom ventures further into crypto

Avelacom’s network spans across more than 20 international markets. The company offers a wide range of products and services designed specifically to support real-time applications and high-volume data streams.

Earlier this year, the company announced a similar partnership with Seed CX. As Finance Magnates reported, the main goal of the partnership is to provide Avalecom’s institutional investors with access to Seed CX’s real-time market data and order-routing solutions.