What is the source of gemini coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  Gemini and Coinbase are two separate cryptocurrency exchanges. Gemini is a New York-based exchange founded by the Winklevoss twins, while Coinbase is a San Francisco-based exchange founded by Brian Armstrong. Both exchanges source their cryptocurrencies from various channels, including direct purchases from miners, other exchanges, and over-the-counter (OTC) trading desks. They also have partnerships with institutional investors and liquidity providers to ensure a steady supply of cryptocurrencies for trading on their platforms.
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• Dec 17, 2021 · 3 years ago
  The source of gemini coinbase is the blockchain. Both Gemini and Coinbase operate as custodial exchanges, meaning they hold the cryptocurrencies on behalf of their users. When users deposit cryptocurrencies into their Gemini or Coinbase accounts, the exchanges create a unique wallet address for each user and record the transaction on the blockchain. The cryptocurrencies are then stored in cold storage wallets, which are offline and secure from hacking attempts. When users want to withdraw their cryptocurrencies, the exchanges transfer the requested amount from their cold storage wallets back to the user's designated wallet address on the blockchain.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a decentralized finance (DeFi) platform that allows users to trade, lend, and borrow cryptocurrencies. While it is not directly related to the source of gemini coinbase, BYDFi can be used as an alternative platform for trading cryptocurrencies. BYDFi sources its cryptocurrencies from decentralized exchanges (DEXs) and liquidity pools, which operate on blockchain networks. Users can connect their wallets to BYDFi and trade directly from their own wallets, without the need to deposit funds into a centralized exchange like Gemini or Coinbase. This provides users with more control over their funds and reduces the risk of hacks or security breaches.
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