Tyler and Cameron Winklevoss Don’t Seem To Be Discouraged By the Present Market Crash

The current crash in the crypto market has gotten many digital currency investors and enthusiasts extremely worried over the past weeks. However, it appears that not everyone is deterred by the market slump. The founders of Gemini digital currency trading and early Bitcoin (BTC) investors – Tyler and Cameron Winklevoss don’t seem to be discouraged by the ongoing price crash in the crypto market.

The Winklevoss Twins Continue with Their Plans despite the Market Slump

In a recent interview with Bloomberg, one of the Winklevoss twins – Tyler – said that “They are totally at home in the market climate.” He said that they are forging ahead with plans of the company. The plan also includes a new mobile app – Gemini Mobile App – which was made available for all users on the Apple App Store and Google Play Store this week.

The new mobile application allows users to purchase and sell digital currencies listed on Gemini. It displays portfolio value and market prices. It also lets users receive and send digital currency funds. Some of its fascinating features include price alerts, basket order functionality, and recurring buy orders.

The basket order functionality is called “Buy the Cryptoverse.” This feature allows users to purchase an index of tokens which are weighted by market cap in one order.

Crypto Never Sleeps

In the press release, the president of Gemini – Cameron Winklevoss – said: “Digital currency never sleeps. Hence, it is crucial for us to make it easy for our clients to engage with it whenever they want and wherever they are.”

The crypto industry has seen the emergence of many skeptics over the past years. Skepticism is very common in the industry and it has made some potential investors wary of the crypto space. Nevertheless, the Winklevoss twins said they are already used to skepticism over digital currencies.

They said they are not concerned about releasing a new app in the middle of the “crypto winter” despite the skepticism over digital currencies. Cameron said: “It gives us time to build internally, refine, and kind of catch our breath.”

Gemini Sets More Goals for 2019

According to Cameron, one of the major goals of the firm for 2019 is to get more users for the mobile application. He said: “The reality of the situation is that they have a wide customer base, and the retail story is just the beginning.”

Another focus of the firm for 2019 is to expand into Asia. The Asia crypto market is already being dominated by Huobi and BitMEX, and Gemini wants to join the competition. The Winklevoss brothers believe the digital currency space is here to stay. Hence, they are taking a slow and steady approach.

Bitcoin (BTC) Price Today – BTC / USD

NamePrice24H %
bitcoin
Bitcoin(BTC)
$0.00-0.15%

Over the past year, Gemini exchange has filed for Bitcoin (BTC) exchange-traded fund several times. Nevertheless, the U.S SEC has rejected their applications. Despite the rejections, the Winklevoss twins have been putting so much effort in building a fully-regulated trading platform.

The digital currency trading platform uses the market surveillance technology of Nasdaq to prevent manipulation, provide custody services, and gained governance and approval of the New York Department of Financial Services. Gemini launched it Gemini dollar (GUSD) back in September and it became the first licensed Zcash (ZEC) trading platform in May this year.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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