Winklevoss Brothers File Trust Application for Gemini Exchange
Entrepreneurs Cameron and Tyler Winklevoss have filed an application for a limited liability trust company in New York. The filing for Gemini Trust Company, if approved by the New York State Department of Financial Services (NYDFS), would enable the Winklevoss brothers to launch Gemini, their forthcoming bitcoin exchange product first announced in January. The announcement notably follows itBit's May announcement that it received a trust company charter from the NYDFS. Under New York banking law, trust companies are financial institutions that, while unique from banks, are able to take....
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Gemini Trading, the bitcoin and ethereum exchange founded by Tyler and Cameron Winklevoss, is set to begin hosting daily bitcoin auctions. While such auctions are commonplace as a way to determine more accurate closing prices for the New York Stock Exchange or Nasdaq, Gemini is positioning the auction as more than a first for its exchange. Tyler Winklevoss told CoinDesk: "It's the first ever end-of-day auction on a bitcoin exchange. It's a pretty standard feature on traditional exchanges that didn't exist on a bitcoin exchange until now." The launch represents the latest effort....
The Winklevoss Bitcoin Trust is no longer attempting to list on Nasdaq, according to an SEC document filed today. After three years of waiting for regulatory approval from the Securities and Exchanges Commission (SEC), the Trust’s founders, investors Tyler and Cameron Winklevoss, have changed tact and are now seeking to list the product on the BATS Global Exchange. Notably, the Winklevoss brothers have also increased the size of the offering, from $20m to $65m, a move that would boost the maximum price of shares offered to retail investors. If the SEC approves the request, the Trust would....
On July 21, 2015, Tyler and Cameron Winklevoss, the founders of Winklevoss Capital, filed an application with the New York Department of Financial Services (NYDFS) on behalf of Gemini Trust Company, LLC, which will operate as a New York Limited Liability Trust Company. According to a spokesperson, the Gemini exchange will be open to the general public as well as institutional investors once a Certificate of Authorization is issued by the NYDFS. Evan Greebel of Kaye Scholer is advising on this launch. This trust company structure is the same one used by NY-based bitcoin exchange itBit,....
The exclusive United States specific bitcoin exchange, Gemini is one step closer to beginning its operations from New York. The company founded by Tyler and Cameron Winklevoss, better known as the Winklevoss Twins has filed the necessary paperwork with the New York State Department of Financial Services. According to Gemini's spokesperson, the Winklevoss twins are said to have completed the formality of filing the trust application with the government so that they can start operating as a trust company. A trust company, according to the definition of the State of New York is a financial....
Cameron and Tyler, the Winklevoss Brothers, are really confident that their upcoming bitcoin exchange Gemini is going to be the institution bitcoin needs. They claim that Gemini can help the US bitcoin ecosystem develop to its full potential by being the fully regulated and compliant institution bitcoin needs right now. The response to competition. While neither of the Winklevoss brothers addressed any of their competitors directly, they have their way of explaining how Gemini stands out from other exchanges. 'Regulated exchanges' have indeed been dominating the headlines lately. It has....