Beeks in American crypto connection

Glasgow-based financial cloud provider Beeks has announced its entry into the cryptocurrency market via a collaboration with Gemini, a New York-based next-generation digital asset exchange and custodian.

Built for both individuals and institutions, Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS), and is therefore subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law (NYBL).

Beeks says the alliance will enable it to provide direct connectivity to Gemini via the Beeks Cloud, allowing Beeks’ clients who are existing clients of Gemini to source and trade Bitcoin and Ethereum legitimately and securely.

Bitcoin and Ethereum are currently the two largest digital currencies in the world. With new cryptocurrencies and exchanges being created all the time, and with little regulation across this sector as a whole, a collaboration with a fully licensed exchange such as Gemini was an appealing move for Beeks.

“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”, said Beeks CEO, Gordon McArthur.

“The high level of regulation on the Gemini Exchange provides our customers with an assurance of greater security in a volatile market.”

The direct connection will be available as part of a Beeks Crypto Connect package via the Beeks Marketplace, including a dedicated server and cross-connect within the NY4 datacentre.