Cryptocurrency exchange Gemini has signed a partnership agreement with Blockchange Inc., a digital asset investing platform, to offer cryptocurrencies to registered investment advisors (RIA).
The exchange said in an official press release that Quantum Capital Management, a multi-million wealth management firm, has already signed on to the Blockchange-Gemini solution to offer clients the opportunity to diversify their investment portfolios.
Currently, Quantum Capital Management has over $120 million assets under management.
"Wealth managers are increasingly recognizing the opportunity for returns and long-term value in digital assets," Gemini said.
Gemini's intention to offer services to RIA comes after the total market capitalization surpassed the $370 billion mark.
The exchange also earlier announced extension of its supported fiat currencies with addition of the Hong Kong dollar (HKD), Australian dollar (AUD), and Canadian dollar (CAD).
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.
Hence, the exchange's users in Hong Kong, Australia and Canada can now manage their own trading strategies with local currencies.
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