Today 23rd January 2015 its official , The Winklevoss Twins open their own Bitcoin Exchange that will be regulated by SEC and listed on NASDAQ . It’s called Gemini .
Gemini will be a next generation bitcoin exchange. What exactly do they mean by “next generation”? It mean a fully regulated, fully compliant, New York-based bitcoin exchange for both people and institutions alike. Why? Because it’s about time.
They have assembled a Gemini development team since last February with their goal set to get the top US Security Experts , Technologists, and Financial engineers to build a world-class exchange from the ground up with a security-first mentality. Today they are only 14 persons working on Gemini including the 2 brothers and 11 others which are pure tech engineers .
More important than anything is that they have secured a good relationship with a New York State-chartered bank. This means that your money will never leave US. It also means that US dollars on Gemini will be eligible for FDIC insurance and held by a US-regulated bank. The US dollars on Gemini will be as safe and secure as they are in a regulated Bank Account.
Why they choose Gemini ? Well Gemini in latin means “Twins” which it will represent the Winklevoss Twins as they are , second they were drawn to this because of the two worlds of money (old and new) that will intersect on the Gemini platform as well as the two-way nature of trade that it will ease all the process of acquiring Bitcoin. Even more after they picked this name a fun fact emerged . They realized that NASA’s Project Gemini was a spaceflight program focused on laying the groundwork for Apollo’s later mission to land man on the Moon. As such, it was coined (no pun intended) man’s “bridge to the moon”. In this spirit, they’ve built Gemini to be “your bridge to the future of money”.
If you want to join their new exchange and get early access you can check the official Gemini web address : https://gemini.com/
This project is a new step in trust gaining for Bitcoin Community .