![]() ![]() This is a risky practice, as small traders might try to predict the market by studying the shift, and place orders to maintain the balance. ![]() Auctions happen twice a day, where large volumes of crypto-assets (particularly Bitcoin and Ethereum) are traded in the short-time. It should not be confused with the auctions that happen on New York Stock Exchange, but there are similarities. Before becoming operational, they became a fully registered and compliant enterprise, having the highest levels of banking reserves they could.Īnother interesting feature about Gemini is its ‘AUCTIONS’ function. The brothers focused on regulating their cryptocurrency exchange, which went in the opposite direction to other exchanges who followed the decentralised blueprint started by bitcoin. Given the fact that Gemini has not fallen victim of an attack, trust from its user base continues to grow. Any malware attack on a website is almost impossible to predict. The fact that it has not been hacked does not mean it will never be hacked in future. The company is expanding slowly, and so far has no history of being hacked, always a positive sign. Gemini’s net-worth currently stands between $1 to $10 million dollars (it is difficult to pin-point the exact number, but they’re doing OK!). Their biggest market however is definitely the US. They are fully operational in over 45 states of America, along with UK, Singapore, Canada, South Korea, Puerto Rico and Hong Kong. Gemini is based in the US, and draws the majority of its traffic from the US itself. ![]() The duo however stated that they were only passive investors, and were not aware about the operations at length. They have had an interest in bitcoin and cryptocurrencies in general and were actually involved in Bitinstant – the website that was involved in facilitating drug-deals. They are famous for many reasons, one is for suing Facebook creator Mark Zuckerberg for their original idea of the social networking website. Gemini was founded in 2014 by the famous duo, the Winklevoss twins. ![]()
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