[2015-10-16] CD: Winklevoss Exchange Gemini Struggling to Win Bitcoin Traders

[LiteCoinGuy]

Winklevoss Exchange Gemini Struggling to Win Bitcoin Traders

Gemini, the long-awaited New York-based bitcoin exchange founded by Cameron and Tyler Winklevoss and billed as the "Nasdaq of bitcoin", finally debuted on 8th October.

http://www.coindesk.com/winklevoss-bitcoin-exchange-gemini-win-traders/

[gogxmagog]

Well they're only in USA so that's not optimal. I wonder though. When did they acquire the Gemini dot com url? Twins n all they might have grabbed it ages ago, just because.
I wonder if they grabbed it before the dot com bubble? How much did they pay for it? Kind of off topic I know but I'm curious.
I actually like those guys though
I'd use Gemini if I was USA

[RustyNomad]

While a success in terms of promotion, however, Gemini is showing signs it is struggling to appeal to bitcoin's active trading community.

Not so sure I agree with this statement. The doors only opened a week ago and at this stage I do not think one can say that they are struggling. Just because there was no large influx of traders from day one does not mean that they are struggling.

I'm sure that the numbers will increase as many may be sitting on the sidelines for now to see how the launch went and to see how things look before making a switch. If the numbers are still low in say a month or two then maybe one can start suggesting that they are struggling but at this stage of the game its way too early to make this kind of judgement.

The following is however something that I agree will have an effect, especially so on retail traders...

They argue that Gemini's pricing model, charging both buyers and sellers on each trade, while potentially attractive to infrequent institutional traders, could prove an issue that will drive away retail traders, a demographic they argue is essential for building liquidity.

[Denker]

Winklevoss Exchange Gemini Struggling to Win Bitcoin Traders

Gemini, the long-awaited New York-based bitcoin exchange founded by Cameron and Tyler Winklevoss and billed as the "Nasdaq of bitcoin", finally debuted on 8th October.

http://www.coindesk.com/winklevoss-bitcoin-exchange-gemini-win-traders/

Jesus christ give these people and their company a bit of time to evolve and grow. I will give them 12 months and then make a first conclusion. These guys are no magicians and have to work hard like everyboy else in this space. Furthermore for now they are just offering their service in the US as far as I know. With time they will expand and with ETF hopefully launching someday things can get really interesting.

[LiteCoinGuy]

Winklevoss Exchange Gemini Struggling to Win Bitcoin Traders

Gemini, the long-awaited New York-based bitcoin exchange founded by Cameron and Tyler Winklevoss and billed as the "Nasdaq of bitcoin", finally debuted on 8th October.

http://www.coindesk.com/winklevoss-bitcoin-exchange-gemini-win-traders/

Jesus christ give these people and their company a bit of time to evolve and grow. I will give them 12 months and then make a first conclusion. These guys are no magicians and have to work hard like everyboy else in this space. Furthermore for now they are just offering their service in the US as far as I know. With time they will expand and with ETF hopefully launching someday things can get really interesting.

do you think most people are unpatient and clueless? i think YES!

people on reddit complain about the exchange 2 hours after the launch  

some people dont even know what an ETF is, dont know that there will be an BTC ETF or think that the ETF will never launch because....because it is in development since 12 months = will never launch 

i love it.

[gogxmagog]

what the punters fail to realize is; what is the potential for another willy-bot gox-sploitation on this one(s) thee Winkies might actually be the true sons either/or the junk bonds 20 teens. probably, NOT?

it might sound like non-sense to you, dear gentle reader, but you would be sadly mistaken to assume so.

what we need here is LEADERSHIP google.com

[Denker]

Winklevoss Exchange Gemini Struggling to Win Bitcoin Traders

Gemini, the long-awaited New York-based bitcoin exchange founded by Cameron and Tyler Winklevoss and billed as the "Nasdaq of bitcoin", finally debuted on 8th October.

http://www.coindesk.com/winklevoss-bitcoin-exchange-gemini-win-traders/

Jesus christ give these people and their company a bit of time to evolve and grow. I will give them 12 months and then make a first conclusion. These guys are no magicians and have to work hard like everyboy else in this space. Furthermore for now they are just offering their service in the US as far as I know. With time they will expand and with ETF hopefully launching someday things can get really interesting.

do you think most people are unpatient and clueless? i think YES!

people on reddit complain about the exchange 2 hours after the launch  

some people dont even know what an ETF is, dont know that there will be an BTC ETF or think that the ETF will never launch because....because it is in development since 12 months = will never launch 

i love it.

The guys at reddit over over there can be really annoying sometimes. And a few ones are really just a bunch of a**holes if you ask me.Can not take them serious.

[btbrae]

Good luck to them. I hope they open in the UK soon.

[Kprawn]

We need to see the difference between Gemini and other exchanges... Gemini had to adhere to a much higher degree of verification for people to trade.. this limits the amount of people

who will trade on that platform. Since day 1... the Bitcoin price rose steadily.. so it has made a influence. https://cryptowat.ch/gemini/btcusd/1day

As traders see that this is not a scam or a ponzi, they will start pushing money towards it. They also need to get pass all of the misinformation posted in newspapers and on websites.

Give it time... they will slowly invest small amounts and once they feel comfortable, they will invest bigger amounts.   

[bryant.coleman]

Have some patience. They have just started. And in my opinion, an exchange based in the United States is less likely to steal its users coins and run away, as the Japan-based Mt Gox did in 2014. However, I was surprised at the almost complete lack of promotional offers and advertisements. For a new enterprise, promotions are extremely important.

[alani123]

I don't find that surprising. Coinbase opened a US only exchange and for a while weren't even in the top 5 in terms of volume. Their start was nothing but explosive. Definitely not proportional to the fact that Coinbase was and still is the bitcoin venture to receive the biggest investments.

[RyanLZ]

It will take some time for Gemini to be top exchange. Gemini is still in early stage. The trading volume will increase slowly.

[Mickeyb]

Guys nothing can happen over the night. Heck they are open only for 10 days now. You need at least 5 to verify your account, send all of the documents and wire the money to the exchange.

Gemini is important as it gives us much larger legitimacy, something that we lacked with all of the exchange busts in our short history. I am also sure they will attract much bigger institutional players, just give it some time.