When the Gemini Trust Company begins trading Ether Monday at 9:30 a.m., offering ETH/BTC and ETH/USD trading pairs on two order books, a new chapter begins with the world’s first licensed Ether exchange. Ether is the crypto-asset and token of the Ethereum network, and has emerged as the leading altcoin and is the fastest growing digital currency. Source: Coinmarketcap Gemini founders Tyler and Cameron Winklevoss planned from their company’s beginning two years ago to provide a platform to allow customers to trade digital assets in addition to bitcoin. Over the past six months, Gemini recognized Ether as a credible candidate for inclusion on its exchange, according to Cameron Winklevoss, company president, on a Gemini blog . Gemini allows customers the same security for Ether storage that it offers for bitcoin. Source: Coinmarketcap Why Gemini Chose Ethereum
The Ethereum protocol’s unique features have delivered a wide range of applications, in addition to a growing market capitalization and liquidity, Winklevoss noted. Source: Coinmarketcap The New York State Department of Financial Services (NYSDFS) has become the first regulatory agency in the world to supervise Ether. Regulatory oversight and certainty are important for supporting innovation and protecting consumers, Winklevoss further noted.
“We at Gemini are proud to be supporting this new and incredible technology, and contributing to the next generation economy.” Source: Coinmarketcap Ether’s market cap soared past $1 billion in March. At this May 7 report, the ETH market cap was $740,492,634 and the price was $9.3659679.
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As Ethereum grows, it earns media coverage which in turn fuels its growth. The New York Times recently ran a feature story noting its value has spiraled 1,000% in three months and is attracting interest from major financial companies that are […]
