Gemini

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Gemini
Headquarters New York, NY
Key People Cameron Winklevoss, Tyler Winklevoss
Products Digital currency exchange
LinkedIn Profile

Gemini is a fully regulated New York-based digital asset exchange founded by Cameron and Tyler Winklevoss (aka "the Winklevoss twins"). It is regulated by the New York State Department of Financial Services. Gemini hosts daily auctions for both ether (the cryptocurrency of the ethereum network) and bitcoin.[1]

History

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In 2015, the New York State Department of Financial Services ("NYDFS") granted a charter under the New York banking law to Gemini Trust Company, LLC, a Bitcoin exchange based in New York City and founded by Cameron and Tyler Winklevoss.[2]

Gemini at first applied for a charter in July of 2015. After a a rigorous review Gemini's application, including the company’s anti-money laundering, capitalization, consumer protection, and cyber security standards the charter was granted and Gemini was allowed to begin operating.

Because, Gemini is registered as a trust company they are exempt from having to register with the Financial Crimes Enforcement Network (“FinCEN”)*, a bureau of the U.S. Department of Treasury. They do, however, have an account with FinCEN for filing compliance reports.[3]

Products and Services

Gemini will begin offering block trading through the Gemini Block Trading service, allowing its users to buy or sell large quantities of bitcoin or other cryptocurrencies without upsetting the cryptocurrency market. This is scheduled to go live on April 12th, 2018.[4]

Key People

References