Gemini co-founder Cameron Winklevoss said that the crypto exchange will play a long-term game and its strict emphasis on compliance will help in the long run.
The Winklevoss twins’ attention to compliance could be rewarded as Cameron Winklevoss stated that the Gemini exchange is playing a long-term game aimed at becoming a trusted cryptocurrency trading platform. The exchange has long been known for promoting its focus on compliance.
Cameron Winklevoss Says Gemini is Racing Towards Regulation
Winklevoss said Gemini “is trying to be the fastest tortoise in the race,” adding that “long-term games will pay off over time.” Given the current regulatory environment, that approach is likely better for trading.
Compared to some of its competitors, Gemini’s focus on compliance is in sharp contrast. Major exchanges like Binance have always drawn the attention of regulators around the world, and the UK’s financial regulator recently issued a serious warning.
Recent events have shown how tough regulators have become on the crypto market. With this year’s bull market and a sharp rise in public awareness, regulators may fear that there is too much leeway for fraud and investor risk. Authorities in the United States, Britain, Canada, and South Korea have all spoken about it.
Gemini is a regulated cryptocurrency exchange, wallet, and custodian that allows you to buy Bitcoin, Ether, and other cryptocurrencies easily and securely. Gemini Exchange, also known as the Gemini Trust Company, was founded in 2014 and is the brainchild of well-known investors Cameron, and Tyler Winklevoss who were classmates of Mark Zuckerberg in Harvard.