The bitcoin exchange Gemini, founded by brothers investors Cameron and Tyler Winklevoss, announced that April 12 will offer major traders with the opportunity to make deals with whole units of bitcoin and Ethereum.
According to the report, the new service will allow you to trade large amounts of BTC and ETH, while large transactions will not appear in the main order book. This should avoid undue influence on the price of the asset at the same time providing “an additional mechanism for creating sources of liquidity”. It is noted that the minimum trade size will be 10 BTC or 100 ETH, respectively.
By placing an order, customers will be able to specify a minimum quantity, limit price, and the transaction type — purchase or sale. This information, also called “indication of interest” will be sent simultaneously to all market makers.
“In accordance with our commitment to a fair, transparent and rules-based market block orders will be transmitted electronically to participating market-makers at the same time, providing the best performance and disclosure rates for those who participate in the program”, — stated in the message.
Earlier, the founders of Gemini called the main goal of the platform for 2018 adding new cryptocurrencies such as Bitcoin and Litecoin Cash. In addition, in the framework of the new partnership exchange brothers Miklotov will help Chicago Board options exchange before the end of the year to start trading cryptocurrency derivatives.