Gemini Exchange Fails to Achieve High Trading Rates
The Gemini Exchange in New York has taken a rocky path over the years. Thus far, trading patterns enjoyed by Gemini have been nothing to brag about, with this weekend hitting particularly low marks (less than 100 bitcoins were traded within a two-day period). The company recently announced the addition of daily bitcoin auctions to try and increase digital currency awareness, but they have done very little to get the ball rolling. The company has made headway since it first arrived at the scene. Recently, news was announced that Gemini would expand its services to both Japan and South....
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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.....
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....
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....
Ether prices experienced only modest movements on 9th May despite the high-profile launch of trading support for the digital asset on Gemini, the digital currency exchange owned by investors Cameron and Tyler Winklevoss. Announced last week, Gemini began offering both ETH/BTC and ETH/USD pairs at 14:30 UTC today, a launch that coincided with news coverage from Reuters and Bloomberg, among others. Despite the visibility, the digital currency opened the day at $9.55, Poloniex data reveals, and later fell to a low of $9.36 at 02:25 UTC. Ether remained at this price level until 04:30 UTC, when....
Gemini, the New York-based bitcoin platform operated by the famed Winklevoss twins will soon allow traders to buy and sell Ethereum’s native cryptocurrency Ether. According to reports, Cameron and Tyler Winklevoss, the men who were indirectly responsible for the creation of the social media giant Facebook, have received the approval to trade Ethereum on Gemini Bitcoin Exchange from the New York State Department of Financial Services. Ether’s emerging popularity has got many Bitcoin exchanges and trading platforms to include it in their established services. Following the announcement,....