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   1771

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. 

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   80

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.