Gemini's Winklevoss: 'Institutionalization' Of Bitcoin Trading Has Begun

Gemini's Winklevoss: 'Institutionalization' Of Bitcoin Trading Has Begun

Bitcoin posted its most stable year in 2015. Does the emergence of regulated bitcoin exchanges have something to do with it? Cameron Winklevoss, president and co-founder of Gemini, thinks it does. As an officer for a regulated exchange, Winklevoss is not an unbiased observer. Nonetheless, Finance Magnate deemed his input relevant in exploring what impact regulated exchanges are having on attracting more mainstream investors to bitcoin. Gemini is one of two exchanges regulated as a financial services entity by the New York Department of Financial Services (NYDFS), the other being itBit.

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Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.

Andrew Ross Sorkin