Owned by twins Cameron and Tyler Winklevoss (Winklevoss) cryptocurrency exchange Gemini began to cooperate with the NASDAQ market monitoring.
Gemini will be the first in the cryptocurrency industry that will begin to use monitoring technology market NASDAQ SMARTS. Thanks to her, the exchange will be able to track unusual trading behavior and mitigate market manipulation.
“Our deploy the NASDAQ SMARTS for market monitoring will help ensure that Gemini rules-based market for all industry participants”, — commented on the partnership Tyler Winklevoss.
The technology NASDAQ is currently used in 45 marketplaces, 17 regulators and more than 140 participants in traditional markets. In the description of the solution SMARTS says it is “automatiseret detection, investigation and analysis, potentially aimed at the abuse of or illicit trade.”
“This is an important milestone in the application of SMARTS, and an important indicator of our commitment to expand the use of our technologies to non-traditional market areas and in new locations outside the capital markets,” he said about the cooperation with Gemini senior Vice President, Nasdaq Bannert Valerie Turner (Valerie Bannert-Thurner).
We will remind, earlier it was reported that Gemini has launched a service Block Trading, which allows investors to conclude a large transaction with BTC and ETH to bypass the core of the order book.