Jersey City fintech Gebo Group LLC has expanded its partnership with Crypto.com, the world’s largest cryptocurrency app with 10 million users. Gebo provides market making services to Crypto.com, and will now make markets in additional tokens and asset pairs.
The partnership expansion announcement came April 9.
Gebo Group recently launched its decentralized finance, or blockchain-based finance, known as defi; network launch facility Starport; and in April also launched Immersive Network, an extended reality real-world entertainment and gaming platform whose financial operations are recorded via blockchain.
On the relationship with Crypto.com, Gebo co-founder James Wines said, “It’s a sophisticated and fair exchange that has made many technological and efficiency advancements in the industry that we have been excited to be a part of. We look forward to even more exciting opportunities to come.”
According to the announcement, Ron Pasternak transitioned from strategic consultant to active head of Gebo’s market making desk.
“Gebo is doing it right. They have the technology, the expertise and imagination to be the premier liquidity provider in the crypto space.” Pasternak said.