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
에 게시 됨 Apr 10, 2018
by Cointele | 에 게시 됨 Coinage
Coinage
최근 뉴스
모두보기
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.