Gemini has announced its support for Cosmos Purpose Bitcoin Access ETF to offer Australian inventors regulated and secure access to spot Bitcoin. Cosmos Purpose Bitcoin Access ETF, CBTC, is among Australia’s first spot Bitcoin ETFs.
CBTC will now be powered by Gemini’s high-level security and custody infrastructure.
Through this partnership, CBTC will grant access to Australian investors to the world’s most prominent spot Bitcoin Solution, through a fund-of-funds structure. It will furthermore hold BTCC, Canada-based Purpose Bitcoin ETF.
The partnership works for the benefit of investors as they get exposure to a highly regulated and liquid spot Bitcoin ETF product.
Purpose Investments Inc launched BTCC in 2021. It now has an AUM of at least $1.2 billion in cryptocurrency. Gemini has custodied BTCC nearly since the time it was launched.
Gemini shared the update by publishing a blog post on its official website, saying it was thrilled to build a relationship with Cosmos Asset Management. The blog post added that Cosmos Asset Management was a pioneer in offering Australian investors access to investment vehicles related to cryptocurrencies.
It has been almost a year since Cosmos AM kept Australian regulators engaged on the topic of cryptocurrency. It started with Cosmos AM introducing Australia’s first pure digital mining ETF.
Gemini assured the community in its blog post that the partnership with Cosmos AM would push it further to strengthen its presence in the Australian and the Asia Pacific regions.
The focus of Gemini remains on building crypto products that are elegant yet simple to use. Individuals and Institutions are treated the same on the platform by ensuring no disparity in the security level.
The long-term vision of Gemini is based on four pillars, namely Product, Security, Licensing, and Compliance. Gemini’s mission is to bring excellent choices, opportunities, and independence to users across the globe.
New York State Department of Financial Services regulates Gemini, ensuring that the company is subjected to capital reserve requirements and banking compliance standards.
Gemini identifies cryptocurrency as a movement to emphasize that the company can make significant contributions to personal freedom in a manner in which the personal computer and the printing press did during their times.
Partnerships back the network with Samsung Blockchain, State Street, Flexa, TradingView, Nifty Gateway, Brave, TaxBit, Chainalysis, and Marsh, among many others. It succeeds in attracting so much attention in the industry because of its 24/7 customer support and KYC diligence.
Gemini is a proud collector of awards like the 2019 Market Choice Awards for the Best Cryptocurrency Exchange, 2020 Crypto AM Awards for the Best Custody Exchange, and 2020 CryptoCompare Exchange Report for #1 Cryptocurrency Exchange.
