The Winklevoss twins have certainly been busy the past several months, adding new features to Winkdex, rolling out new Android and iOS applications, and working on the ETF that is likely to launch soon.
Now, we can add another item to the long list of things they’ve worked hard on. Gemini is a new bitcoin exchange that Cameron stated is “a next generation bitcoin exchange”.
In a letter written on the new website Cameron Winklevoss wrote,
When we began our ETF journey, we soon concluded that a US-regulated ETF wasn’t enough. A growing number of US investors, traders, financial institutions and businesses wanted to get involved with bitcoin directly, but had no options other than to trade overseas or sit on the sidelines. So, we began looking into exactly what it would take to create a US-based bitcoin exchange.
Some of the more fascinating parts of the Gemini project include a United States banking partner for the exchange which Cameron describes,
We are also thrilled to announce that we have secured a banking relationship with a New York State-chartered bank. This means that your money will never leave the country. It also means that US dollars on Gemini will be eligible for FDIC insurance and held by a US-regulated bank. Your US dollars on Gemini will be as safe and secure as they are in your bank account today.
It now appears that the twins have assembled a 14 person team to bring this project to a reality.
While the service is not yet online those interested in receiving early access can signup on the Gemini website here.