Cameron (left) and Tyler Winklevoss claim Bitcoins is ‘gold 2.0’ Gemini, the cryptocurrency exchange founded and run by Cameron and Tyler Winklevoss, has expanded to the UK, starting off with trading in Bitcoin and ether, the native coin of the Ethereum network.
The Winklevoss twins have taken a gold-plated approach to regulation from the start with a view to attracting the main men of finance to Bitcoin. They said the same approach would be duplicated in the UK and Canada (where they expanded two weeks ago), and are looking to add the ability to trade fiat currency with Bitcoin/ether within the coming weeks.
In terms of regulations, Gemini said the decision to start with BTC/ETH was more of a technical road map than about meeting any specific regulations. Tyler Winklevoss told IBTimes: "We wanted to come out with something first, and sooner rather than later, and then we will continue to expand the suit of services in coming weeks."
Bringing big blue chip clients to the Gemini exchange has been a big success, said Tyler. "We have market participants on exchange that simply would never be on another exchange. We have built an exchange that the larger financial institutional players can now finally do business in Bitcoin.
"We have been pro-regulation from day one, and we believe that building on-ramps to the main men of finance is important and we are seeing that play out, evidenced by the institutions that have signed up. They just would not do business with anyone else other than Gemini."
Crypto regulation in the State of New York is not for the fainthearted. So it a less onerous proposition in the EU or UK?
Tyler said: "We went for a trust company in New York, and it took us about a year and a half to achieve that licence. That’s […]
