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Winklevoss’s Gemini Buys Omniex Platform in Prime Services Push

  • Technology is used for price discovery on dozens of exchanges
  • Gemini is competing head to head with Coinbase Prime
Tyler and Cameron Winklevoss
Tyler and Cameron WinklevossGemini

Gemini Trust Co., the cryptocurrency platform run by the Winklevoss brothers, has acquired trading technology provider Omniex to aid its push into services for institutional investors.

Omniex’s technology is used for price discovery on more than 35 exchanges and over-the-counter trading desks. The platform is going to be folded into Gemini Prime, a suite of institutional services ranging from lending and borrowing to clearing and custody that’s expected to be fully rolled out in the second quarter. Gemini said it has thousands of institutional clients, whose ranks have swelled in the last two years.