Gemini Set To Roll Out Bitcoin And Ether Block Trading
Cryptocurrency exchange Gemini on Monday said that it will roll out block trading for bitcoin and ether starting this week.
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There is a minimum threshold of 10 bitcoin or 100 ether for the block trades, which suggests that minor traders will not be able to use the feature.
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This is a feature which will allow customers to make high-volume trades that won’t appear in the exchange’s order book until they’ve been filled.
Block trading allows large traders such as hedge funds to buy or sell large quantities without having large immediate effects on the price.