Few previous bitcoin investors and founders of the Gemini crypto exchange such as Cameron and Tyler Winklevoss are not moved by the present market slump with respect to the cryptocurrency world. But, looking at the current scenario Tyler Winklevoss expressed his statement that “We’re totally at home in winter.”
Further, these twins assured that they are in line with respect to their firm’s plan which also includes the launch of a mobile application known as the Gemini Mobile App which just got released in this week on Google Play and the Apple App Store for all the users. The features of this application is that it provides the list of all the cryptocurrencies which are listed under Gemini and also reflects their market prices along with the portfolio value which further allows users to receive and send cryptocurrency funds as per the given instructions.
Such applications also deal with various price alerts, continuous purchase orders and basket order functions which popularly is known by the name of “Buy The Cryptoverse” which allows an user to buy an index of coins in a single order, weighted by market capitalization.
Cameron Winklevoss, the Gemini President, quoted in one of the press release that: “Cryptocurrency never sleeps so it’s important for us to make it easy for our customers to engage with it wherever they are and whenever they want.”
Although, there are various doubts in the mind of the twins for the cryptocurrency but they are not hesitant to launch their recent mobile application in the mid of the slump crypto winter. Cameron further described that, “It gives us time to build internally, and refine and kind of catch our breath. The reality of the situation is that we have a diverse customer base. And the retail story is just beginning”. The 2019 priority will be only to allow the users to use such mobile applications.
Gemini also expects that their application may compete from BitMex and Huobi if at the application is extended into the Asia market in 2019. Currently, the Winklevii are only concerned with the “slow and steady” process for one simple reason: “We think it’s a space that’s here to stay.”
Although, the Gemini bitcoin based ETF application got rejected by the SEC authority, post launching the Gemini exchange, the pair was still busy in creation of a platform that will help to monitor and counter the transaction efficiently. Such process will eliminate the money laundering issues.
Further, Gemini uses Nasdaq market inspection technology to prevent manipulation offers and have obtained the permission from the New York Department of Financial Services. It became the first licensed Zcash exchange in May 2018 and launched its Gemini dollar (GUSD) this September.