Share this article
Gemini Introduces Prime Brokerage Following Second Acquisition in a Week
Gemini Prime aims to attract institutional investors by providing access to multiple crypto exchanges and over-the-counter liquidity sources.
Updated May 11, 2023, 5:56 p.m. Published Jan 19, 2022, 4:22 p.m.
Crypto exchange Gemini is introducing a prime brokerage following the acquisition of trading technology platform Omniex less than a week after it bought digital-asset management company Bitria as it looks to attract more institutional investors.
- Terms for the Omniex acquisition announced Wednesday were not disclosed. Omniex provides order, execution and portfolio management services for institutional crypto traders.
- The acquisition comes less than a week after the crypto exchange founded by Cameron and Tyler Winklevoss acquired digital asset management startup Bitria to expand its ability to manage clients' portfolios from a single interface.
- Gemini announced the launch of Gemini Prime, which aims to simplify trading for institutional investors by providing access to multiple exchanges and over-the-counter liquidity sources. Gemini Prime, which is already being used by a select group of clients, will be fully rolled out in the second quarter.
- A growing number of institutions have expressed a desire to provide crypto services, not least due to demand from their wealthy clients. Last May, Swiss financial giant UBS Group said it was looking for ways to offer exposure to crypto, and a survey in July found that 82% of institutional investors expect to increase their exposure to digital assets by 2023, with four out of 10 expecting to do so dramatically.
- While Gemini had a trading volume of around $150 million in the last 24 hours, it lags some way behind rivals such as Crypto.com, FTX and Coinbase whose volumes number in the billions.
Read more: Gemini to Allow Crypto Trading in Colombia Under Government-Sponsored Pilot Program
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
