Gemini Makes Its Move Down Under With Australian Exchange Debut
Gemini has set up a local arm in Australia and moved Australian accounts into it, signaling a bigger push into the Asia-Pacific market. According to company notices and regulatory filings, the new entity is called Gemini Intergalactic Australia Pty Ltd and it is registered with AUSTRAC as a digital currency provider. The shift took effect […]
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Bitcoin (BTC) and cryptocurrency exchange Gemini (GEMI), founded by twins Tyler and Cameron Winklevoss, experienced a major debut on the Nasdaq, soaring nearly 40% following the company’s initial public offering (IPO), which raised $425 million. Gemini Success On Nasdaq Debut Based in New York, Gemini priced its IPO late Thursday above the anticipated range of $24 to $26, reflecting strong investor interest. This valuation positioned the company at approximately $3.3 billion before trading commenced. Related Reading: Ethereum (ETH) On The Brink Of A Major Supply Crisis: What It Means For....
Additionally, Gemini improved their Instant ACH deposit system. One thing a lot of people are concerned over is the time it takes for Bitcoin transactions to confirm. This is especially true when moving funds to and from an exchange platform. Gemini, the bitcoin exchange operated by the Winklevoss twins, is introducing zero-confirmation deposits. This is quite a risky move, as zero-confirmation transactions are subject to double spending. Introducing zero-confirmation bitcoin deposits is a significant step for the Gemini exchange. Allowing customers to instantly trade their balance without....
What makes Canada so appealing for exchange platform operators is how there is no specific regulation in the country. Ever since the Winklevoss twins launched their Gemini exchange platform, things seem to have quieted down quite a bit. Until earlier today, that is, as the company announced it will expand its business to Canada. Further international expansion is planned as well. The Winklevoss twins are synonymous with Bitcoin and cryptocurrency. Both Cameron and Tyler are firm believers in the future of Bitcoin, and they have shown keen interest in the concept for several years. They....
People at the Westfield Sydney shopping center in Sydney, Australia will soon be able to spend their money on something else: bitcoins. A bitcoin ATM is expected to make its debut in Australia's most populated city. Operated by Australian Bitcoin ATMs, this has been in the making for quite a bit of time. In late March, it was noted that the first bitcoin ATM in Australia was a mere days away, and here we are in April. I can't and won't say this is the first ATM in the country, but what can be said is that the ATM will make its debut on Tuesday, according to CNET Australia. It's unclear....
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