Gemini tops volume stats

[bitjoin]

http://imgur.com/a/l9PEu

Last 24 hours gemini now hits top volume stats, is this anything other then they are taking finex customers?

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[Denker]

http://imgur.com/a/l9PEu

Last 24 hours gemini now hits top volume stats, is this anything other then they are taking finex customers?

Well this could be an influx of new customers who wants to participate in the Bitcoin and Crypto Currency space.
Look at the overall market cap of ~ $35 billion! Imo this is a new wave of users coming in. I see this very positive.

[talkbitcoin]

i say there is 3 major reasons for this:
1. obviously bitfinex is not the place to trade bitcoin these days so users are going towards alternative places.
2. bitstamp which is nearly equally big as bitfinex, has low prices than other exchanges and people prefer a higher price, or better say a price that is equal to other exchanges than a place than has lower price than all other exchanges.
3. there is always new people coming in! and gemeni is a decent enough platform. the adoption process, even if it means more traders, is an ongoing process.

[alyssa85]

This is actually good news. They are a regulated exchange - and the SEC won't approve the ETF until most of the trading is done on regulated exchanges (because the pricing of the ETF depends on it).

[maku]

http://imgur.com/a/l9PEu

Last 24 hours gemini now hits top volume stats, is this anything other then they are taking finex customers?

Actually it is a good thing. Gemini is highly regulated exchange, probably the most secure and trustworthy US based crypto exchange as of now.
Gemini due to them being 100% compliant to BitLicense is ideal place to trade in times when other exchanges have legal issues.
Plus, obviously Winklevii are serious entrepreneurs, which is an additional asset.

[Scott J]

This is actually good news. They are a regulated exchange - and the SEC won't approve the ETF until most of the trading is done on regulated exchanges (because the pricing of the ETF depends on it).

This.

Slowly but surely volume is moving to the regulated exchanges.

I would rather it move to decentralised exchanges, however.

[European Central Bank]

i hope it stays on top but i don't see how until it goes to more countries and does something about margin.

now china's gone, bitfinex's incompetence and lack of transparency is the last main element in stopping bitcoin from going to the next level.

[1Referee]

It's nothing really interesting. Gemini experienced a fairly large volume peak yesterday, which directly resulted in its volume to be highly inflated. Look back when that volume peak moves out of the 24H time frame, and you'll see that Gemini will still be the same old Gemini. In order to conclude legit growth of an exchange, it has to grow consistently over a longer period of time. Volume peaks should always be ignored.

[Red-Apple]

it is funny, i have heard the name of Gemini exchange and i knew of its existance but i never see it anywhere!
for example on coinmarketcap it is number 11 right now, and i see it as OP mentioned.
on bitcoinwisdom that i check, it is not even listed!
preev doesn't have it either.

guess i have to change where i look now!
according to bitcoinaverage.com it is the third one with 16.22%

[Baofeng]

This is actually good news. They are a regulated exchange - and the SEC won't approve the ETF until most of the trading is done on regulated exchanges (because the pricing of the ETF depends on it).

Yeah I agree Gemini is a regulated exchange. This could be a good sign that the 2nd review has a good chances of being approved by ETF.
Price of btc in Gemini: 1349.14.

[romero121]

http://imgur.com/a/l9PEu

Last 24 hours gemini now hits top volume stats, is this anything other then they are taking finex customers?

As quoted hitting top volume stats is a big news as well holding back users from other exchanges takes place. Something similar to this happened recently when the fake volume issue got arise on the Chinese exchanges with the inspection by PBOC causing a major users moving towards other exchanges namely localbitcoins.

[PokerFace3]

It is a good news. I do see the raise of regulated exchanges is an enroute for convincing SEC to approve bitcoin etf. The prime reason for rejection of bitcoin etf is bitcoin market is still remaining as unregulated (but I believe investors should go for investing into bitcoins with their own responsibility not due to with a reason of regulated market).

I could not understand the stand of SEC, how a regulated system will protect an investor ? Because pumps and dumps are happening even with an registered company's stocks too.

[kwukduck]

Fake volume, no different than the Chinese sites.

[YuginKadoya]

http://imgur.com/a/l9PEu

Last 24 hours gemini now hits top volume stats, is this anything other then they are taking finex customers?

Well good for them for having so much volume and they are only using one currency exchange than GDAX have, and I think the quality, service and security they provide with every exchange that they do seems have taken a fruit and I think that many have been trusting them lately having a US base exchange for bitcoin I think they have a reasonable price exchange!

[RoommateAgreement]

It is a good news. I do see the raise of regulated exchanges is an enroute for convincing SEC to approve bitcoin etf. The prime reason for rejection of bitcoin etf is bitcoin market is still remaining as unregulated (but I believe investors should go for investing into bitcoins with their own responsibility not due to with a reason of regulated market).

I could not understand the stand of SEC, how a regulated system will protect an investor ? Because pumps and dumps are happening even with an registered company's stocks too.

are they really regulated! i didn't know that. it is strange though, because i was expecting a regulated exchange to have a lot more popularity than this, mostly because of a better security and less shady business because of being regulated.

and i think the reason for SEC rejections was partly because of the highly volatile nature of bitcoin, not just being unregulated.

[European Central Bank]

are they really regulated! i didn't know that. it is strange though, because i was expecting a regulated exchange to have a lot more popularity than this, mostly because of a better security and less shady business because of being regulated.

and i think the reason for SEC rejections was partly because of the highly volatile nature of bitcoin, not just being unregulated.

people want margin. they'll put up with any shit to get that. bitcoin is still primarily a gamble and that won't change soon.

and the sec don't care about volatility. there are etfs out there custom designed to be volatile. it's the policing thing. they can't enforce their rules on the crypto market so they can't approve anything.

[ArdiPrabowo]

gemini exchange is new exchanger, iam not found in coinmarketcap and bitcointalk
and volume transaction in gemini only 3k bitcoin, volume transaction still under another top exchanger Gdax(coinbase)