Tue Apr 10, 2018 12:54 pm
Gemini Adds Block Trading to Reduce Impact of Large Orders on Bitcoin Price.
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has added a new feature that will reduce the impact that large buy and sell orders have on the Bitcoin price.
Announced on Monday, Gemini Block Trading will allow cryptocurrency “whales” to execute large trades outside of the exchange’s continuously-updated order books, where a single trade can have an outsized effect on the market as a whole.
Using the new platform, customers can place block orders that are only published to market makers, who can decide whether to make a market for the trader’s indication of interest.