Billionaire Bitcoin investors and founder of the Gemini Trust Company, Tyler and Cameron Winklevoss are the forerunners of the Bitcoin industry. Their conviction towards ‘decentralized economy’ with Bitcoin and cryptocurrency is strong and unmoved.
Since 2014, the twin entrepreneurs have tried to come up with a secure Bitcoin and cryptocurrency exchange platform. However, the regulations around cryptocurrency have only improved slightly over the past years with still a long way to go.
Gemini is the Most Regulated Cryptocurrency Exchange Platform in the World
Nevertheless, the twin’s claim to have created the “most regulated” cryptocurrency exchange platform of the world. It had achieved the SOC 2 review as per the American Institute of Certified Public Accountants (AICPA) guidelines. Gemini Trust currently seeks SEC approval to introduce a Bitcoin ETF.
Gemini Trust is the world’s first cryptocurrency exchange and custodian to demonstrate this level of security compliance in protecting customer data and funds.
In a recent interview, Tyler Winklevoss claimed that their primary “Product is trust.” The twins also expressed that there were various roadblocks in creating such a system. However, they have mitigated the risk for its users by learning from their and other people’s mistakes in the crypto-sphere.
In an attempt to increase the feasibility of the use of cryptocurrencies, the twin’s are driven to become the ‘safest cryptocurrency custodians for the people.’
Last but not least, Cameron commented on their controversial stand with Facebook:
According to him, “Money is the oldest social network and arguably the strongest; And crypto is one of the strongest networks of value in the world”
So they wish to become ‘the pioneers of that space’
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com