Beeks Financial Cloud Expands into Cryptocurrency, Partners with Gemini

Beeks Financial Cloud has expanded its cloud Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term and connectivity offering into the cryptocurrency market. The step is a new milestone for the firm that has lately been focusing on diversification of its products after venturing into fixed income earlier this year.

The London-listed company’s new product is based on a collaboration with one of the leading cryptocurrency exchanges, Gemini. The digital assets exchange which is located in New York has signed a partnership agreement with Beeks Financial Cloud, setting up an alliance between the firms.

Beeks will be providing direct connectivity to Gemini via the Beeks Cloud service. Clients of the new service will be able to trade Bitcoin and Ethereum in a secure and safe environment with a regulated counterpart.

NYSDFS Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term

Gemini is regulated by the New York State Department of Financial Services (NYSDFS). The exchange is subject to capital reserve requirements, cybersecurity requirements, and a set of banking compliance standards which are designed by the regulator in accordance with the New York Banking Law (NYBL).

The partnership with a regulated subsidiary is one of the key points for the continued growth of digital assets. Trading of Bitcoin and Ethereum is generating a hefty amount of volumes already with the regulatory framework for digital assets which is currently under development sets the stage for the next generation of popular trading assets.

Beeks highlights that a collaboration with a fully-licensed exchange such as Gemini was an appealing move for the firm. The direct connection to the exchange will be available as part of a Beeks Crypto-Connect package via the Beeks Marketplace. The offering includes a dedicated server and a cross-connect within the Equinix NY4 datacentre location.

“This is a service that many of our institutional clients have been wanting for some time, with the cryptocurrency industry as significant as it is. The high level of regulation on the Gemini Exchange provides our customers with an assurance of greater security in a volatile market,” explained Beeks’ CEO, Gordon McArthur.