Gemini is all set to offer a new service for prominent traders.
Cryptocurrencies have attracted several new investors as well the traders among which some have important sums to invest. The current crypto exchanges have some trouble to accept this kind of investments though. To end these problems with investments, Gemini is presenting this new product to the market.
The VIP Product of Gemini:
The information about this development has been unveiled by Cameron Winklevoss, Co-Founder and President at Gemini or April the 9th, in a blog post.
The new product is called ‘Gemini Block Trading’. It is successfully launched on April the 12th, 2018.
This was the blog post which reads as follows:
“As part of our mission to continue to improve and expand our platform, we are excited to launch Gemini Block Trading is a fully electronic block trading facility. Block trading creates an additional mechanism to source liquidity when a customer is trading in large area. It enables them to buy and sell the large amount of digital assets”
Other cryptocurrency platforms are now offering the chance to important crypto-traders to invest important amount of money in the crypto market. There are some products like coinbase Custody which protects and store digital assets for institutional investors.
Gemini will easily be able to reduce the buying and selling of Bitcoin and other cryptocurrencies in the market. Before this, the important investors were trading in the platform, creating important price swings when they placed their orders. The market has yet to be more mature to reduce such inherent volatility.
Gemini traded $25 million dollars in the last 24 hours which made it the 35th most important cryptocurrency in the market. The other three different trading pairs in Gemini are: BTC/USD, ETH/USD, and ETH/BETC.
In the future, Gemini is thinking about growing its business adding support to new virtual currencies. At the moment, the company is analyzing this opportunity with the local authorities. Additionally, it is not clear whether the crypto exchange will be offering the new product for new assets or just Bitcoin and Ethereum.
If you are facing any kinds of problem with Gemini Exchange services then you can contact our Gemini Customer Service Number +1800-509-3075 without any delay. Our Gemini expert team member will always assist you instantly.