Gemini will serve as execution and clearing venue for prediction market contracts offered by Apex to its brokerage clients.
DeFi & Yields ·
Gemini will serve as the execution and clearing venue for prediction market contracts offered by Apex to its brokerage clients. Under the arrangement, brokerages that distribute crypto event contracts through Apex's platform will route trades through Gemini for settlement and risk management.
The partnership allows Apex to extend its brokerage infrastructure into the prediction markets segment while leveraging Gemini's existing infrastructure for trading and clearing operations. Brokerages partnered with Apex gain access to a regulated venue for these contracts without building independent clearing systems.
The announcement does not specify which brokerages have committed to the offering, the types of events or assets covered by the contracts, or a launch timeline for the service.