What is Gemini Exchange and Which Types of Things Do for Gemini
Gemini is a New York Trust Company which is regulated by the New York State Department of Financial services. At present Gemini is offering two digital currencies for trading on its exchange platform, and they are Bitcoin and Ether. At the Gemini exchange platform, you can buy, sell and store digital currencies. Also, Gemini offers its customers two types of options for registration process, one is personal account and the other is institutional account. In the personal account you can register and start trading on Gemini platform. While the institutional account is available for those who all belong to a particular institution or organization and would like to trade jointly on the digital currencies at the Gemini platform. This feature is based on the fact that multiple individual can share an access to one single trading account that will be registered on the Gemini exchange platform. This feature is not offered by not much of the Exchanges like GDAX also has the same feature as of Gemini.
How many types of different in traders can register at the Gemini Exchange Platform :
- Opening an account for Institutional Client Registration on Gemini platform:
It is a very simple process to get registered on the Gemini platform for an Institutional Client Registration. The process includes the filling of an online form with the details of:
- Legal Business name
- Company Type
- Company location
- Personal Information
After following this procedure, hit the submit or continue button, following which there is a support desk who will connect with your organization to help you proceed further with the completion of your application process.
- Opening a personal account on Gemini platform
The registration procedure for opening a personal account on Gemini is similar to any other exchange. You just need to provide your full name, email and create your password, following which your Gemini account will be activated.
Gemini offers features like marketplace and custody services:
- Gemini Marketplace: This is a category provided by Gemini to its customers or the users, to check the central limit order books. Central Limit order books shows the price-time priority modal of the platform. And it functions on trading pairs of BTC/USD, ETH/USD and ETH/BTC pairing. Their auction order book also supports the pair of BTC/USD and ETH/USD.
The type of orders supported by Gemini are: It can trade against resting orders, it can rest on continuous order book and it can trade in auction. There is another feature connected with the marketplace is the Gemini Block Trading, which is a completely-electronic block trading facility. It will enable you to buy and sell large block quantities of the digital assets.
- Custody Services: The exchange platform offers two types of custody services, and they are Depository Gemini customer service phone number accounts and Segregated Custody accounts. In the first type of custody services, the digital assets are commingled. While the later custody assets are segregated with unique digital asset addresses.
Conclusion
The Gemini is an open platform for personal and institutional users who are looking for trading in various types of custodial services.
