The Winklevoss brothers: How bitcoin helped to pave their way to success
Tell how Tyler and Cameron Winklevoss open exchanges, promote the bitcoin ETF, creating a blockchain-Association and estimate the prospects of the cryptocurrency market.
Tyler and Cameron Winklevoss born in new York on 21 August 1981, grew up in Greenwich, Connecticut, and from 2000 to 2004, received his bachelor of Economics at Harvard University.
In January 2014, Tyler and Cameron announced the launch of its own cryptocurrency exchange Gemini (translated as “Twins”), and October 25, 2015 the service was launched.
The exchange quickly became one of the most respected exchangers. She has a license that allows customers to buy, sell and store digital assets — these services are regulated by the Department of financial services of the state of new York.
Gemini today is 74th in the world in trading volumes of bitcoin. You can also trade live and zcash for.
You can Deposit funds via ACH (automated clearing house), if you are in the US, and Bank transfer from anywhere in the world. Also accept funds in bitcoin, ether, and zcash for. The twins say that the main goals for 2018 — add Cash Bitcoin and litecoin.
All the Deposit methods on the Gemini platform is completely free, but for a Bank wire may charge a Commission the sender’s Bank.
Commission rate for each trade pair is determined by the total volume of gross trade user in the conditional dollar on all orders Gemini books, books of orders at auctions and major purchases within the 30-day moving window.
Rates for larger purchases fixed for all trading pairs.
Security reasons only a small percentage of bitcoins is a “hot” wallet — the most part offline, in order to minimize potential losses from hacking.
In April, Reuters reported that Gemini uses continuous monitoring of transactions for potential manipulation or fraud using the technology of the Nasdaq stock market.
In may, Gemini announced a partnership with Caspian, a platform for cryptocurrency trading and risk management for institutional investors. For this reason Robert dykes, CEO of Caspian said:
“Our new partnership with Gemini will not only help us to increase our user base, but also to ensure the connectivity and interoperability of various cryptocurrency exchanges.”
In January 2018, the twins announced the first successful implementation of a bitcoin futures traded on Cboe futures exchange, under the Ticker XBT.
In August, the American Commission on securities and exchange Commission rejected a second attempt by the Winklevoss brothers to register the world’s first cryptocurrency exchange traded Fund (ETF) on a regulated exchange.
Last year the Commission rejected the application for registration of the Winklevoss Bitcoin Trust, but in June the group submitted a new application. Among other things, in its decision, the officials responded that do not agree with the thesis Winklevosses that the market of bitcoins and their exchange is Gemini “uniquely resistant to manipulation.” Also in response to the request touched upon the issues of fraud and investor protection.
The brothers recently launched “Association of the virtual trade items” (VCA), which can become a prototype of a self-regulating Association of American cryptocurrency exchange.
The organization seeks to develop missing while in the industry common standards and increase investor confidence in the market. In the first stage participants will be Bitstamp, Bittrex, bitFlyer USA and Gemini.
Despite the significant decline in the value of digital currencies this year, the brothers continue to look at the development of this technology with optimism.