How Big Exchanges Restructure the Value of Bitcoin (BTC)

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The digital currency market is currently undergoing high volatility and there is a need for top exchanges to provide platforms which can be used to reduce this fluctuation. Although Bitcoin (BTC) prices vary depending on the exchange they're trading on but let's take a look at the first exchanger, Gemini. Gemini is a digital currency exchanges started by the Winklevoss twins in 2015.

Gemini Introducing Block Trading Services

On the 12th of April 2018, Gemini launched the block trading service with the aim to ease the block trading of virtual currencies. This service will allow traders to buy or sell large quantities of Bitcoin (BTC) and other cryptocurrencies and will also operate separately from the existing order book of the firm.

Block trading involves the private buying and selling of assets in large quantity between parties. The approach is mostly used by hedge finance and institutional investors to lessen the effect of the huge price fluctuation in Bitcoin (BTC), were transactions made using the block trading platform will be published on a 10-minute delay, ensuring that all market participants have access to pricing and liquidity information while also reducing the data's partiality to have a surge effect on the price of Bitcoin (BTC)

Importance of Gemini to Bitcoin (BTC)

Gemini offers a regulated and secured platform for buying and selling of Bitcoin (BTC) to both retail and institutional customers. It has also offered trading between BTC/USD,ETC/USD and ETC/BTC

It has a low transaction fee than Coinbase. Gemini only charges 0.25% while Coinbase charges 1.49% for trade

For a more secure transaction, Gemini only accepts bank transfer. This is to ensure a straightforward transaction were payments can't be made with credit cards

How Gemini Influences the Price of Bitcoin (BTC)

Since block trade service was launched on the 12th of April, the value of Bitcoin (BTC) tends to raise in the capital market from $118,048,000,000 to $159,672,000,000 on the 8th of may. This is a tremendous increase and also a welcome development that can keep the price of Bitcoin (BTC) above 150,000,000 until the end of the Q2.

Gemini only offers two currencies which can be bought or sold on their platform. These currencies are Bitcoin (BTC) and Ethereum (ETH). Thereby giving it investors a limited opportunity to chose only between Bitcoin (BTC) and Ethereum (ETH)Just like banks, Gemini is licensed and it offers NYDIC insurance for cash that is stored on its exchange. Although Gemini has been licensed by NYDFS, it is obligated to maintain and fulfill it required cybersecurity measures.

The introduction of block trading services by Gemini has created a platform to speed up the growth of Bitcoin (BTC) and Etherum (ETH) in the market. But, it is hoping to not just capture the existing market but also grow it much larger in other to lessen the effect of the huge price fluctuation in Bitcoin (BTC) and increase its value as well. So, I think the introduction of this service will also help Bitcoin  (BTC) maintain a market capitalization above 150,000,000 until the end of the Q2.

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Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content

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