Published On: Fri, Aug 4th, 2017

Winklevoss’ Gemini Exchange to Allow CBOE to Use Bitcoin Market Data

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The famous cryptocurrency exchange platform, Gemini, agreed to sell its Bitcoin market data to the Chicago Board Options Exchange, Incorporated (CBOE).
Getting into the Bitcoin Game
The cryptocurrency exchange, Gemini, was founded in 2016 by the famous Winklevoss twins. In October of that same year, the exchange officially received permission from the New York State Department of Financial Services to operate in 31 states. Gemini’s major focus had originally centered around Bitcoin trading, however, with the popularity and value of Ethereum rising exponentially, the exchange added Ethereum trading in May of 2016. Currently, the exchange has a daily transaction volume of $52 million.
An Agreement with the CBOE

According to an official press release, Gemini and the Chicago Board Options Exchange (CBOE) entered into an agreement to exclusively use Gemini’s Bitcoin market data. The details of the agreement state that CBOE will have an exclusive global multi-year license to use the exchange’s market data.
The cryptocurrency exchange’s market data will help the CBOE to create bitcoin derivatives products for listing and trading. Currently, the CBOE is awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC), …

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