Bitcoin trading volume at the newest Bitcoin exchange, the Winklevoss twin’s Gemini, has surged 40,000% in the three weeks since its opening. Despite these numbers, the overall volume at the exchange remains trumped by that of other exchanges.
Targeting the stock market investor, Gemini commands considerable per transaction volumes. A high percentage of transactions on the website are comprised of 50 bitcoins or more.
The makeup of the Gemini customer is unknown. While some believe certain investors were waiting for a fully-regulated and insured exchange to operate in Bitcoin, others point out that Coinbase has played that role for sometime now. While Coinbase’s marketing has been targeted largely at the Bitcoiner, Gemini appears to have focused more-so on market investors.
Gemini remains available in limited US states, having suffered long delays obtaining BitLicense in New York. As Cameron Winklevoss told Vice:
“We just don’t feel comfortable launching and don’t feel it’s right to our customer base without meeting