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Winklevoss Twins’ Gemini Partners With Rakkar to Expand Institutional Cryptocurrency in Asia
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Gemini, an American cryptocurrency exchange founded by twins Tyler and Cameron Winklevoss, and Rakkar, a digital asset custodian in Asia, have announced a partnership to promote digital asset adoption across Asia.
This partnership will provide Rakkar’s custodial clients with access to Gemini’s trading platform, offering increased liquidity and competitive pricing.
The partnership aims to provide institutional investors with the tools and security needed to operate in the digital asset market.
“Our alliance with Gemini will not only enhance the security and reliability that financial institutions seek.
This will also enable our institutional clients to access more opportunities and market opportunities as they navigate the evolving realm of digital assets,”
said Arthit Sriumporn, CEO and founder of Rakkar.
In June of last year, Gemini had announced that the company planned to increase its headcount to more than 100 people in Singapore over the next 12 months, while establishing an engineering base in India.
In an effort to push its expansion plans, Gemini had appointed Former Grab executive Saad Ahmed is the new head of APAC.
Saad Ahmed “Ensuring a secure and robust crypto ecosystem for our institutional clients has always been a top priority for Gemini.
Through our partnership with Rakkar, we continue to expand our efforts in providing secure and reliable opportunities to drive the growth and maturation of the cryptocurrency industry.”
said Saad Ahmed, Head of APAC at Gemini.