Cryptocurrency Q&A
Who provides the price data for Gemini tokens?
Who provides the price data for Gemini tokens?
Eleonora
Fri Jul 12 2024
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5 answers
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Inquiring minds want to know, who precisely provides the price data for Gemini tokens? Given the significance of accurate pricing information in the world of cryptocurrency, it's imperative to understand the source of such data. Is it a trusted third-party aggregator? Is it Gemini itself? Or perhaps a combination of both? Clarifying this crucial aspect would greatly assist investors and traders in making informed decisions within the Gemini ecosystem. Could you elaborate on the specifics of who supplies the price data and how it's verified for accuracy?
5 answers
CryptoNinja
Sun Jul 14 2024
Trading fees on the Gemini Exchange vary depending on the product and the size of the order. This fee structure is designed to be fair and competitive, encouraging active participation in the exchange's market.
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CherryBlossomFalling
Sun Jul 14 2024
When dealing with tokens unsupported for trading on the Gemini Exchange, pricing information is sourced from CoinGecko, a trusted third-party data provider that maintains independence from Gemini.
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Martino
Sun Jul 14 2024
CoinGecko ensures accurate and timely pricing data for these unsupported tokens, providing investors with crucial market insights.
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Rosalia
Sun Jul 14 2024
For tokens that are eligible for trading on the Gemini Exchange, the exchange itself provides the quoted prices directly. This ensures a direct and transparent pricing mechanism for supported tokens.
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emma_carter_doctor
Sun Jul 14 2024
Gemini's pricing methodology for supported tokens is designed to reflect the true market value, based on real-time trading activity and supply-demand dynamics.
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