Crypto exchange Gemini launches new electronic OTC trading solution » CryptoNinjas
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
[ad_1] Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has launched a new electronic over-the-counter (OTC) trading solution for its customers. This move will make it easier for institutional investors and high-volume traders to trade large amounts of cryptocurrency.
According to Gemini, the new trading solution called “Gemini Clearing” will provide users with a seamless and more efficient way to trade digital assets. This is because, unlike the traditional OTC trading process, Gemini Clearing is fully automated, meaning traders can place and settle trades quickly and easily without the need for human intervention.
Gemini Clearing will also provide users with “continuous netting,” which will allow multiple trades to be settled in a single payment. This means traders won’t have to worry about settling each individual trade, thereby reducing overall settlement costs and minimizing the time taken to complete the trades.
Furthermore, Gemini Clearing is designed to be highly secure and compliant with all regulatory requirements. The trading platform will operate under the same oversight as Gemini’s traditional exchange platform, which is fully licensed by the New York State Department of Financial Services.
The move to launch Gemini Clearing is another significant step in the Winklevoss twins’ efforts to make Gemini the go-to platform for institutional investors and high-volume traders. In recent years, Gemini has made a series of strategic moves to position itself as a leader in the cryptocurrency space.
In March 2018, for example, Gemini launched the “Gemini Block Trading” service, which allows traders to buy and sell large amounts of cryptocurrency off-exchange. Gemini Block Trading has seen significant growth since its launch, with the exchange reporting an average trade size of $3 million in Q2 2020.
Overall, the launch of Gemini Clearing represents a major milestone for the exchange, as it will enable traders to execute large-scale trades with ease and efficiency. With increasing demand from institutional investors and high-volume traders for cryptocurrency trading solutions, Gemini is well-positioned to continue its growth trajectory and establish itself as a dominant player in the space.
[ad_2] Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Source link
