Gemini to Open Bitcoin Exchange in Singapore and Hong Kong

Bitcoin’s growing popularity in the Asian region has prompted Gemini to open new offices in Singapore and Hong Kong. 

The renowned Bitcoin exchange, which is headed by the more-renowned Winklevoss Twins, confirmed today that it will be providing Bitcoin and Ethereum trading services to Singaporean and Hong Kong users. The decision, according to the company, is “a critical milestone in Gemini’s pursuit of building a global next generation digital asset exchange.”

While Gemini is already operational in both the aforementioned countries, it further expects to add new features to suit its new users’ demands. It starts with introducing order-books for native currencies which, as Gemini confirmed, will happen soon. An excerpt from their press release:

“We’ll be opening HKD and SGD order books and expanding to additional areas of operation soon, so stay tuned!”

In addition to the aforementioned feature, Gemini also discussed its plans to introduce auction to its platform. The Daily Auctions or “crosses” feature is a two-sided auction feature that is different from conventional “winner takes all” type of auctions. The company explained:

“Auctions present an excellent opportunity for customers who want to execute large trades with over-the-counter (OTC) trading quantities on-exchange without having to worry

Read more ... source: NewsBTC USA