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| comment | | "parent_author":"",<br>"parent_permlink":"cryptocurrency",<br>"author":"krabgat",<br>"permlink":"recommended-article-winklevoss-bros-gemini-exchange-launches-daily-bitcoin-auctions",<br>"title":"Recommended Article: Winklevoss Bros\u2019 Gemini Exchange Launches Daily Bitcoin Auctions",<br>"body":"Recommended Article: Winklevoss Bros\u2019 Gemini Exchange Launches Daily Bitcoin Auctions\n<center><h3> Read Summary of the Recommended Article below-<\/h3><\/center>\n**Gemini Trust Co.,<br> the New York-based digital currency exchange founded by the #Winklevoss Brothers has begun the first-ever daily bitcoin auction in a bid to facilitate trading with higher volumes at lower costs with better prices.**\n---\n<center>To read the full article click [HERE ( https:\/\/www.cryptocoinsnews.com\/winklevoss-bros-gemini-exchange-launches-daily-bitcoin-auctions\/)<\/center>\n---\n<center>[image credit (http:\/\/www.townandcountrymag.com\/society\/money-and-power\/a982\/winklevoss-brothers-profile\/)<\/center>\n<center><img src=\"http:\/\/i.imgsafe.org\/39aacab651.jpg\"><\/center><br>\n<center>Winklevoss Twins<\/center>\n---\n<h3>Summary<\/h3>\nIn an announcement,<br> Gemini said it ushered in its daily bitcoin auction to remedy the \u201cincredibly inefficient\u201d method of bitcoin trading today by traditional asset #exchanges like Nasdaq and the New York Stock Exchange.\n\nGemini users will be able to enter Auction-Only Market and Auction-Only Limit Orders to place bids for buying and selling bitcoin at 5 P.M. Eastern Time for the next day\u2019s auction at 4 P.M. The orders will be filled at the final auction price at 4 P.M ET on the day of the auction. This number is determined by finding the price at which the greatest aggregate buy demand and aggregate sell demand from all participating orders can be filled.\n\nGemini sees the new mechanism facilitate high volume trading between customers at a stable and fair price. Additionally,<br> auction trades see instant settlements with funds made available for immediate transfers,<br> unlike OTC trading that could require several loops of verification and time due to funds transfer for that trade,<br> etc. \n\nIn a statement to Bloomberg,<br> Bats CEO Chris Concannon said:\n>We view the launch of an end-of-day auction as a significant step forward for Gemini and the bitcoin industry.\n\n---\n<center>Thank you for reading please comment below and give me some feedback :)<\/center>\n---",<br>"json_metadata":" \"tags\":[\"cryptocurrency\",<br>\"bitcoin\",<br>\"Winklevoss\",<br>\"exchanges\" ,<br>\"image\":[\"http:\/\/i.imgsafe.org\/39aacab651.jpg\" ,<br>\"links\":[\"https:\/\/www.cryptocoinsnews.com\/winklevoss-bros-gemini-exchange-launches-daily-bitcoin-auctions\/\",<br>\"http:\/\/www.townandcountrymag.com\/society\/money-and-power\/a982\/winklevoss-brothers-profile\/\" " | | vote | "voter":"krabgat",
"author":"krabgat",
"permlink":"recommended-article-winklevoss-bros-gemini-exchange-launches-daily-bitcoin-auctions",
"weight":10000 |
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