Bitcoin Exchange Gemini Announces New Fees And Rebate Schedule
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.....
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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....
Keeping in mind how Bitcoin can be traded at all hours of the day, such an auction makes a lot of sense. However, buying cryptocurrency in a direct peer-to-peer fashion requires sellers to provide liquidity at all times. Ever since the Gemini Bitcoin exchange launched, people have had high expectations for this platform. So far, trading volume is mediocre at best, which is less than impressive. But the company introduced a daily Bitcoin auction, which facilitates larger trades at lower costs. Whether or not this will help people discover Bitcoin prices, remains to be seen. Every day of the....
San Francisco-based Bitcoin exchange Coinbase has announced a volume-based rebate system for trades put on their platform. The offering, which will come into effect from next week, was announced today via an official blog-post. The company will continue to implement the maker-taker fee structure on the trades, but the traders will receive daily rebate benefits from trading more bitcoins on the Bitcoin exchange. A trader's 30-day Bitcoin exchange volume relative to the total exchange volume will determine the amount of the daily rebate. For example, suppose that 100 BTC were traded on the....
For the first time, Gemini Trust Co., a crypto exchange established by two brothers, Tyler and Cameron Winklevoss, has announced a 10% reduction in employment due to the overall industry decline. Gemini is a United States-based regulated crypto exchange established in 2014, providing services to its customers to trade digital currencies, including Bitcoin, Ethereum, and […]
New York City-based bitcoin exchange Coinsetter today announced a new program that will allow its user base to fund their account via Coinbase. This rebate program is only being offered to customers in the Untied States, and allows these traders to purchase bitcoins on Coinbase via an ACH transfer to fund their Coinsetter account. Coinsetter will then reimburse the trader for fees incurred on Coinbase's service, which has traditionally been 1 percent. The company writes (via their blog): We're excited about this program because it allows users to completely bypass interacting with....