The Winklevoss twins are optimistic about the future of crypto-currencies on Wall Street
Even though the US Securities and Exchange Commission (SEC) has rejected the Bitcoin ETFs of twins Tyler and Cameron Winklevoss, the two founders of the crypto-exchange Gemini continue to hope for a growing adoption of virtual currencies on Wall Street.
"While the demand has decreased due to the fall in the value of digital currencies this year and the reluctance of US regulators, the twin brothers who exploit the Gemini Trust Co cryptocurrency.. say they continue to grow the business, even though most major Wall Street investors are not yet involved, reported Bloomberg August 13th."Wall Street takes crypto-currencies seriously, but the vast majority of Wall Street businesses still do not participate in the crypto-market, which remains essentially a retail market," said Tyler Winklevoss.
"It will change over time, we need time. "
A double expansion of Gemini on the bull market
Founded in 2014 by Cameron and Tyler Winklevoss, Gemini's cryptocurrency trading platform became Ether's first licensed crypto-purse. The company, based in Portland, Oregon, sits in a former government building. The Winklevoss twins have full faith in their plans despite the slowdown seen on the crypto-market . Gemini also plans to double its workforce, from 6 to 12, by the end of the year, according to Tyler Winklevoss.Rober Cornish the former director of information technology at the New York Stock Exchange was hired by the crypto-stock exchange in July 2018, which attracted much attention from the crypto-community. He is now the first technical director of Gemini.
Ongoing collaboration with federal regulators
According to Bloomberg's report:"To pave the way for greater adoption, the Winklevoss Twins submitted a proposal in March to create the Virtual Commodity Association, a self-regulatory organization that would control the digital money markets and regulators. "The Virtual Commodity Association is a non-profit group that wants to develop industry standards, promote transparency, and work with regulators such as the United States Commodity Futures Trading Commission to prevent fraud. fraud. "
What do you think of the optimism of the Winklevoss twins? Are they right to bet so much hope on the adoption of cryptocurrencies on Wall Street? Tell us in the comments section below.
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