1. Home
  2. News
  3. Exchanges

Winklevoss Twins’ Gemini Exchange Starts Block Trading BTC and ETH

Winklevoss Twins’ Gemini Exchange Starts Block Trading BTC and ETH

Gemini, a cryptocurrency exchange owned by early Bitcoin investors Cameron and Tyler Winklevoss, started block trading Bitcoin and Ethereum outside of their regular books on Thursday, April 12, at 9:30 AM EST.

Investors aiming to buy and sell large amounts of cryptocurrency on the Gemini Block Trading Marketplace started placing their orders on Thursday. According to a press release on the new product, Gemini’s Block Trading Marketplace aims to create “an additional mechanism to source liquidity when trading in greater size.”

Clients looking to buy and sell via the platform can place BTC orders for a minimum of 10 Bitcoin and ETH orders for a minimum of 100 Ethereum. Orders from the platform “do not interact” with Gemini’s “continuous or auction order books” and are “electronically broadcast to participating market makers” via “market data feeds ten minutes following the execution of a block trade.”

Winklevoss IP, a separate company also owned by the Winklevoss twins, was granted a patent by the US Patent and Trademark Office (USPTO) on April 10 for a "system, method, and program product for processing secure transactions within a cloud computing system.” The patented system uses hash function encryptions, digital signatures, and other cryptographic computing techniques to secure digital transactions performed across cloud computing infrastructure.

Although the patent doesn’t mention directly how this new patent will be applied, Gemini may be using the new security system to protect big trades on its new Block Trading Marketplace.

16 Apr 2018

Subscribe to our newsletter

Our newsletters are sent on a regular basis and are aiming to provide you most overall market situation

Latest news

OKCoin Allows Deposits In Argentine Pesos

OKCoin, one of the largest crypto e...
15 Nov 2018

Binance Lists USDC Stablecoin

Binance has announced its newest li...
15 Nov 2018

Bank Of America Is Given A Patent To Store Crypto

The U.S. Patent and Trademark Offic...
14 Nov 2018

ICORating Meets STO Challenge

After the boom of 2017 and the begi...
14 Nov 2018

IMF Calls For “Exploration” Of Central Bank Digital Currency

Christine Lagarde believes that the...
14 Nov 2018

OKEx Supports Vietnamese Dong

The OKEx cryptocurrency exchange ha...
14 Nov 2018

ICORating Weekly Report: 45th Week of 2018

This report includes data on severa...
13 Nov 2018

ICORating To Participate In Blockchain Leadership Summit

Kirill Kozlov, the Head of Analytic...
13 Nov 2018

New Release: Theta

Theta platform version 1.0 is avail...
13 Nov 2018