Winklevoss Bitcoin Exchange Gemini Introduces Dynamic Trading Fees
Gemini, the New York-based bitcoin exchange founded by investors Cameron and Tyler Winklevoss, has revamped its fee schedule, to encourage an “active, stable and efficient marketplace”. The service was launched just over four months ago and, according to a new blog post by president Cameron Winklevoss, has now collected sufficient data to determine the best fee strategy going forwards. Winklevoss writes: “We have decided to adjust our existing flat fee schedule to a real-time, dynamic maker-taker fee schedule.” Adopting the maker-taker fee system is aimed to encourage 'makers', who add....
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Gemini has adjusted its flat fee schedule to a dynamic, real-time, “maker-taker” schedule after collecting enough data to know how to encourage a stable, efficient and active marketplace, according to a blog on the Gemini website by Cameron Winklevoss, president and co-founder. To launch the program, every customer will get the most favorable fee and rebate rates of 15 bps (0.15%) rebate on liquidity-making trades and incur a 15 bps (0.15%) fee on all such trades for the following windows: Current Gemini operation areas March 1, 2016 at 9:30 a.m. ET to March 31, 2016 at 9:30 a.m. ET.....
Continuing its global expansion plan, New York-based bitcoin and ether exchange Gemini, founded by the Winklevoss twins, has begun operations in Hong Kong and Singapore. Users in Singapore and Hong Kong will be now be able to access Gemini, the Winklevoss twins’ digital currency exchange. The announcement was made by Gemini co-founder and president Cameron Winklevoss on October 2nd. Starting immediately, users will be enabled with limited trading pairs that involve the two major cryptocurrencies, bitcoin and ether. More specifically, registered users will be able to buy BTC with USD or....
Bitcoin trading volume at the newest Bitcoin exchange, the Winklevoss twin's Gemini, has surged 40,000% in the three weeks since its opening. Despite these numbers, the overall volume at the exchange remains trumped by that of other exchanges. Targeting the stock market investor, Gemini commands considerable per transaction volumes. A high percentage of transactions on the website are comprised of 50 bitcoins or more. Data: Bitcoinity. The makeup of the Gemini customer is unknown. While some believe certain investors were waiting for a fully-regulated and insured exchange to operate in....
Gemini Trust Co., the New York-based digital currency exchange founded by the Winklevoss Brothers has begun the first-ever daily bitcoin auction in a bid to facilitate trading with higher volumes at lower costs with better prices. Starting today, the bitcoin ecosystem will see an exchange adopt a daily bitcoin auction at 4 P.M New York time, every day including holidays and weekends. In an announcement, Gemini said it ushered in its daily bitcoin auction to remedy the “incredibly inefficient” method of bitcoin trading today, wherein exchanges are missing mechanisms that are otherwise....
New York-based bitcoin exchange Gemini, founded by Tyler and Cameron Winklevoss will now begin operations in Canada, as a part of an international expansion program. Canadians will now have access to a new digital currency exchange in the Winklevoss twins’-led Gemini, a US-based exchange. In an announcement late yesterday, Cameron Winklevoss revealed that registered users in Canada will be able to trade bitcoin and ether on the ETH/BTC order book. Cameron Winklevoss wrote: We are thrilled to announce the expansion of Gemini services to the Great White North! This is just the beginning of....