24 Feb '16, 4pm

Winklevoss Bitcoin Exchange Gemini Introduces Dynamic Trading Fees

Winklevoss Bitcoin Exchange Gemini Introduces Dynamic Trading Fees

Gemini, the New York-based bitcoin exchange founded by investors Cameron and Tyler Winklevoss, has revamped its fee schedule, to encourage an "active, stable and efficient marketplace". The service was launched just over four months ago and, according to a new blog post by president Cameron Winklevoss, has now collected sufficient data to determine the best fee strategy going forwards. Winklevoss writes: "We have decided to adjust our existing flat fee schedule to a real-time, dynamic maker-taker fee schedule." Adopting the maker-taker fee system is aimed to encourage 'makers', who add liquidity to the exchange, which offers a BTC/USD market aimed at institutional investors. Cameron Winklevoss explained that because liquidity-making orders do not fill immediately and they bear more market risk, the company "believes in offering greater incentives to makers". To kick off th...

Full article: http://www.coindesk.com/gemini-exchange-new-trading-fees/

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