- Gemini Exchange has been cleared to be listed on the CME pricing module.
- Gemini Expands to Australia
Gemini’s market data will be used to help price the CME Group’s Bitcoin Futures contract. Found by Winklevoss Twins, Gemini will now become the fifth Exchange to join the list. CME obtains Bitcoin’s futures price from these exchanges. The listing will be included from 30th August 2019. The press release on CME noted,
CME CF Crypto Currencies Indices have been generating BRR and BRTI rates since November 2016 with several bitcoin exchanges and trading platforms providing pricing data, including Bitstamp, Coinbase, itBit and Kraken.
Besides Bitcoin Reference Rate (BRR) and Bitcoin Real-Time (BRTI), it will be the 4th exchange for the Ether-dollar pricing indices on CME which lists only Bitcoin and Ether indices. CF (crypto-facilities) the london-based firm which provides these indices in partnership with CME includes six other cryptocurrency indices which will be obtained from Gemini as well.
Expansion to Australia
Gemini Exchange has often been projected as a prominent regulated exchange which primarily services institutional clients. However, it has been continually expanding its reach to retail customers as well as the Gemini Mobile App. Recently, the US-based exchange also announced its expansion to Australia.
Tyler Winklevoss, the Co-Founder of the Exchange noted in the press release,
Australians can now download the Gemini Mobile App and use it to buy, sell, and store cryptocurrencies such as bitcoin, bitcoin cash, ether, zcash, and litecoin.
Currently, Gemini is available in the U.S., Puerto Rico, Canada, Hong Kong, Singapore, South Korea, the United Kingdom. According to reports, Australia is ranked 12th w.r.t. to global Bitcoin [BTC] volume. Moreover, the platform has been the ideal choice for institutional-grade investors.
Do you think Gemini will become bigger than Coinbase in the future? Please share your views with us.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com