The Winklevoss twins' crypto exchange Gemini will begin offer cryptocurrency block trading outside of their regular order books starting April 12 at 9:30 a.m. EST, according to Gemini's April 9 press release.
Investors that want to trade on the Gemini Block Trading marketplace will be able to buy and sell large amounts of cryptocurrencies.
The minimum trade at Gemini will be 10 Bitcoin and 100 Ethereum, with the trade information published 10 minutes after the trade's execution to prevent affecting price and market volatility.
Gemini's post explains how a customer will place a block order specifying "(i) buy or sell, quantity, minimum required fill quantity, and a price limit," while the market makers will only see the "Quantity, minimum quantity, and the collar price." Once a market maker has decided to "Make a market" that fits within the Indication of Interest, the block order will be executed.
Gemini has also been involved in bringing traditional market systems into the crypto sphere.
In December of last year, the Chicago Board Options Exchange partnered with Gemini to launch their Bitcoin futures.
Winklevoss Twins' Crypto Exchange Gemini To Begin Block Trading With BTC, ETH
Veröffentlicht auf Apr 10, 2018
by Cointele | Veröffentlicht auf Coinage
Coinage
Erwähnt in diesem Artikel
Neueste Nachrichten
Alle ansehen
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.