“Bringing them (investors) into the fold is going to be a large catalyst for bitcoin,” Cameron Winklevoss told the Wall Street Journal.
Gemini is the third bitcoin-related institution to acquire regulatory approval and the second to be granted a charter by the DFS to a bitcoin-related business. Circle Internet Financial received the first BitLicense earlier this month and ItBit received a charter in spring.
Gemini is also the second bitcoin-related product that the Winklevoss twins have launched. Back in February 2014, Winklevoss Capital launched the Winkdex, a bitcoin index that will eventually be used for a planned bitcoin ETF, “COIN,” which was first proposed in 2013 but is still waiting on regulatory approval. [Winklevoss Bitcoin ETF Takes One More Step Forward]
For more information on bitcoins, visit our bitcoin category.
Max Chen contributed to this article.