Gemini Acquires Crypto Asset Management Platform Bitria; Terms Undisclosed

Gemini Acquires Crypto Asset Management Platform Bitria; Terms Undisclosed
Crypto exchange Gemini has acquired digital asset management startup Bitria to expand its offerings for financial advisers less than two months after raising $400 million in a funding round. Terms of the deal were not disclosed.The integration of Bitria’s technology for managing digital holdings with Gemini’s custody and exchange capabilities will give asset managers access to the broader crypto ecosystem and the ability to manage their clients’ portfolios from a single interface, according to a statement Thursday. They will also gain features such as portfolio rebalancing and tax-loss harvesting.Gemini, which had trading volume of $150 million in the past 24…