RATE Group | Gemini Will Monitor its Bitcoin, Ethereum Markets Using Nasdaq Tech
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Gemini Will Monitor its Bitcoin, Ethereum Markets Using Nasdaq Tech

25 Apr Gemini Will Monitor its Bitcoin, Ethereum Markets Using Nasdaq Tech

Posted at 13:41h in Ethereum News by

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Gemini, the Winklevoss twins’ cryptocurrency exchange, has announced a partnership with Nasdaq to use the latter’s technology to monitor all trading pairs of its crypto marketplace.

With the new agreement, Gemini will deploy Nasdaq’s surveillance technology, dubbed SMARTS, for increased oversight over its recently introduced block trading feature and all trading pairs including BTC/USD, ETH/USD and BTC/ETH, Gemini said in a statement on Wednesday.

Further, the surveillance technology will also be used to oversee activity across Gemini’s auction process wherein data gathered is used by Cboe’s CFE Exchange to determine the settlement price for Bitcoin futures contracts.

The technology will enable help monitor real-time trading of bitcoin and ethereum on Gemini’s marketplace to determine and flag unusual trading patterns. SMARTS is used by some of the largest exchanges in the world, including…

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