Daily Bitcoin Auctions Begin

Note from the CEO: Exciting news from the Winklevoss boys. Before their ETF gets approved (it will, but you know regulators…..sigh) Gemini Trading, the “boy’s” bitcoin and ethereum exchange is going to begin daily bitcoin auctions. Investment made more acceptable and available. YES!!!

“Gemini Trading, the bitcoin and ethereum exchange founded by Tyler and Cameron Winklevoss, is set to begin hosting daily bitcoin auctions.

While such auctions are commonplace as a way to determine more accurate closing prices for the New York Stock Exchange or Nasdaq, Gemini is positioning the auction as more than a first for its exchange…….

The launch represents the latest effort by the Winklevoss brothers to create investment mechanisms for mainstream investors.

Since 2014, the Winklevoss Bitcoin Trust has been working to open the first bitcoin exchange traded fund (ETF) on a major stock exchange. In June, after almost three years, the Trust filed to move their application from Nasdaq to Bats, a move that accelerated progress even if the final decision could still be months away.”

Read Full Article at CoinDesk