113: Benjamin Small – Normalizing Bitcoin, and Exploring the Cryptocurrency Ecosystem
Chat With Traders
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The Gemini Exchange's Forecast Auction Price
There is only one price and it's based on an algorithm that maximizes matching all of the buyers with, sorry, as many buyers as possible with as many sellers as possible. The idea is that this price, because it allows the most buyers and sellers to interact, is sort of an optimal price. On average, it's only 20 or 30 basis points, I think, difference between the trading at just before the auction and the auction price itself.
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