What were the major developments in the Gemini exchange in December 2016?

3 answers

• DoneMedalMar 13, 2022 · 4 years ago
  In December 2016, Gemini exchange made several significant developments. Firstly, they introduced a new trading feature called 'Gemini Block Trading,' which allowed institutional traders to execute large block trades off the continuous order book. This feature aimed to provide liquidity and reduce market impact for large trades. Additionally, Gemini expanded its cryptocurrency offerings by adding support for Ethereum Classic (ETC) trading. This move allowed users to trade ETC against USD and BTC on the Gemini platform. Moreover, Gemini announced a partnership with CBOE (Chicago Board Options Exchange) to launch Bitcoin futures contracts. This collaboration aimed to bring more institutional investors into the cryptocurrency market. Lastly, Gemini enhanced its regulatory compliance by obtaining a BitLicense from the New York State Department of Financial Services (NYDFS). This license ensured that Gemini adhered to strict regulatory standards and provided a secure trading environment for its users.
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• user166089Sep 24, 2024 · a year ago
  December 2016 witnessed some exciting developments in the Gemini exchange. One notable update was the introduction of Gemini Block Trading, a feature designed specifically for institutional traders. This feature allowed them to execute large block trades outside of the regular order book, providing increased liquidity and minimizing market impact. Another significant development was the addition of Ethereum Classic (ETC) to the list of supported cryptocurrencies on the Gemini platform. This expansion allowed users to trade ETC against USD and BTC, further diversifying their investment options. Additionally, Gemini announced a strategic partnership with CBOE, a renowned options exchange, to launch Bitcoin futures contracts. This collaboration aimed to bring more traditional investors into the cryptocurrency market and enhance its overall credibility. Finally, Gemini reinforced its commitment to regulatory compliance by obtaining a BitLicense from the NYDFS, ensuring that it operated within the legal framework and provided a secure trading environment for its users.
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• Mark KronborgAug 09, 2023 · 2 years ago
  During December 2016, the Gemini exchange experienced several major developments. One of the key updates was the introduction of Gemini Block Trading, a feature tailored for institutional traders. This feature allowed them to execute large block trades off the continuous order book, providing enhanced liquidity and reducing market impact. Another noteworthy development was the addition of Ethereum Classic (ETC) to the list of supported cryptocurrencies on the Gemini platform. This expansion allowed users to trade ETC against USD and BTC, broadening their investment opportunities. Furthermore, Gemini announced a partnership with CBOE, a leading options exchange, to launch Bitcoin futures contracts. This collaboration aimed to attract more traditional investors to the cryptocurrency market and foster its growth. Lastly, Gemini obtained a BitLicense from the NYDFS, demonstrating its commitment to regulatory compliance and ensuring a secure trading environment for its users.
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