Gemini to Introduce Block Trading

Now big traders can trade with blocks of Ethereum or Bitcoin; at least 100 ETH or 10 BTC per block
10 April 2018   212

The Gemini Bitcoin Exchange has announced that starting April 12 it will offer large traders the opportunity to trade with whole blocks of Bitcoin or Ethereum.

As stated at the official blog, the new service will allow to trade large volumes of BTC and ETH, while large transactions will not appear in the main order book. This should avoid excessive influence on the price of assets, while at the same time providing "additional mechanism to source liquidity when trading in greater size." It is noted that the minimum transaction size will be 10 BTC or 100 ETH.

By placing an order, customers will be able to specify the minimum quantity, price limit, and the type of transaction - buying or selling. This information, also called "interest indication", will be sent simultaneously to all market makers.

In accordance with our commitment to an equitable, transparent, and rules-based marketplace, block orders will be electronically broadcast to participating market makers simultaneously, ensuring best execution and price discovery for those participating in the program. Block orders do not interact with our continuous or auction order books. Trade information will be published via our market data feeds ten minutes following the execution of a block trade.

Cameron Winklevoss

Co-Founder and President, Gemini

Earlier the founders of Gemini called the main goal for 2018 the listing of new cryptocurrencies, such as Bitcoin Cash and Litecoin. 

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   27

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.