Bitcoin Exchange Gemini Approved for Launch in New York
Gemini, the much-anticipated bitcoin exchange led by entrepreneurs and investors Cameron and Tyler Winklevoss, has received approval from the New York State Department of Financial Services to begin serving US customers in 26 states as well as Washington, DC. First announced in January, the New York-based startup was advertised as a "fully regulated US bitcoin exchange" for individual and institutional customers, one that its founders suggested could growth to become the "NASDAQ or Google of bitcoin". Gemini said it is now onboarding customers and will officially open for trading on....
Related News
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....
Gemini, the New York-based bitcoin exchange currently being developed by investors Cameron and Tyler Winklevoss, has received two key approvals from the New York State Department of Financial Services (NYDFS). Gemini Trust Company received approval on 23rd September for its Articles of Organization, and was granted an exemption from the deposit insurance requirements of Section 32 of the Banking Law, steps president Cameron Winklevoss said put it on the "one yard line" for completing its current goal of entering the US market. Cameron Winklevoss explained that, with its Articles of....
Gemini, the bitcoin currency exchange operated by investors Cameron and Tyler Winkelvoss, has received approval from the state of New York to offer trading for ether, the native token of the Ethereum network. The New York State Department of Financial Services (NYDFS) announced the approval today, a move the department said was necessary given that the agency has the mandate to review any material changes to the services offered by industry firms. The exchange, approved to open last October, had received the greenlight to operate as a limited purpose trust company from the NYDFS, though it....
Recently approved by the New York State Department of Financial Services to offer the trading of Ether on its virtual currency exchange based in New York City, Gemini has started Ether trading. Touted as the first licensed ether exchange in the world with its approval also making the NYSDFS the first regulatory agency in the world to supervise ether, Gemini stated on its blog site that the exchange will be offering ETH/BTC and ETH/USD trading pairs on two new order books. In a blog post, Cameron Winklevoss, Co-Founder and President at Gemini, says: “Our approval makes Gemini the first....
Investors have been watching and waiting for the launch of Gemini, the bitcoin exchange launched by Cameron and Tyler Winklevoss, since it was first announced on January 23. The wait is over. Customers have been begun receiving instructions for onboarding and will be able to officially begin trading on the Gemini exchange starting Thursday, October 8 at 9:30 a.m. EST. The nine months it took for Gemini to go from announcement to launch is due to a belief in the need to "ask for permission, not forgiveness." However, on September 23, Gemini Trust Company received approval for its Articles....