The Cryptoverse, or a Cryptoverse Order, allows you to buy a basket of the supported digital assets on Gemini, weighted by market capitalization. You can only place a Cryptoverse buy order. There is a $25.00 order size minimum and the components of a Cryptoverse Order require a $1.00 minimum per digital asset. In the event that the market capitalization weighting of a digital asset results in that component of the order having a value of less than $1.00, that digital asset will be adjusted to have a $1.00 minimum and the weightings of the other digital assets will be adjusted accordingly.
The market capitalization weights for each digital asset are calculated by summing the market capitalization of each digital asset and taking the percentage share of each digital asset, rounded to the nearest hundredths. The last digital asset percentage share calculated will be adjusted to ensure that all of the digital assets weights equal 100.00% when combined.
The market cap of each digital asset is established at 4:30 ET and based on the digital asset market price and number of tokens outstanding. The digital asset market price is calculated using the price from the most recent Gemini 4pm ET U.S. dollar denominated auction or, if no such auction price is available, the Gemini trailing 24-hour U.S. dollar denominated VWAP as of 4pm ET. The source of tokens outstanding is based on a full network node maintained by Gemini, with the exception of Ether which is calculated based on data from Etherscan (etherscan.io).
Cryptoverse Orders are currently only supported on the Gemini Mobile app.