Gemini to Roll Out Bitcoin and Ether Block Trading
Yesterday, Gemini, a cryptocurrency exchange said it will roll out block trading for Bitcoin and Ether. The feature allows customers to make high-volume trades that won't appear in the exchange's order book until they've been filled, with a minimum threshold of 10 bitcoin or 100 ether for the block trades and is planned to go live at 9:30 AM ET on Thursday. Consequently, block trading allows large traders such as hedge funds to buy or sell large quantities without having large immediate effects on the price. The exchange explained:
"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."
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加密貨幣交易所 雙子座表示將推出比特幣和以太幣的大宗交易。 該功能允許客戶進行大量的交易，交易量最低為10比特幣或100以太幣
