Gemini Exchange Introduces Daily Bitcoin Auction Services
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....
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Gemini exchange, based out of New York’s Flatiron District, is launching what may be a first within the Bitcoin ecosystem - daily Bitcoin auctions. The very first official auction on Gemini will be a BTC/USD pairing and will occur today at 4:00pm Eastern Time. Future auctions will occur every day, including weekends and holidays, at 4:00pm ET. Tyler Winklevoss, Gemini Chief Executive Officer, said to Bloomberg: "We believe this is the first-ever end-of-day Bitcoin exchange auction. Auctions create greater price discovery and liquidity, resulting in a very meaningful final auction....
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....
Gemini Trading, the bitcoin and ethereum exchange founded by Tyler and Cameron Winklevoss, is set to begin hosting daily bitcoin auctions. While such auctions are commonplace as a way to determine more accurate closing prices for the New York Stock Exchange or Nasdaq, Gemini is positioning the auction as more than a first for its exchange. Tyler Winklevoss told CoinDesk: "It's the first ever end-of-day auction on a bitcoin exchange. It's a pretty standard feature on traditional exchanges that didn't exist on a bitcoin exchange until now." The launch represents the latest effort....
Gemini, a regulated Bitcoin exchange founded by the Winklevoss Twins, is officially expanding its services to Hong Kong and Singapore. Registered users based in Hong Kong and Singapore can already begin trading USD with Bitcoin and Ethereum on Gemini’s advanced digital asset exchange. Although the Gemini trading platform in both countries only support US Dollars at the moment, Cameron announced that the company is working on adding HKD and SGD as it continues to expand to additional areas in Singapore and Hong Kong. Cameron Winklevoss announced: “As of today, registered customers in both....
Gemini, the New York based Bitcoin exchange has announced the launch of its services in South Korea and Japan. Bitcoin and Ethereum exchange Gemini has strengthened its foothold in Asia with latest expansion into Japan and the Republic of Korea. The US-based company, founded by the Facebook-fame Winklevoss Twins, said its its latest blog post, that it intends to capture a significant market share in two of the world’s most prolific cryptocurrency ecosystems. Excerpt: “As of today, registered customers in the Lands of the Rising Sun and the Morning Calm can trade bitcoin and ether using the....