Gemini Founders (Winklevoss Twins) Launch A New Mobile Crypto Trading App

The founders of the cryptocurrency trading platform Gemini, Tyler and Cameron Winklevoss, have recently launched a mobile Bitcoin and crypto trading app together with a new investment vehicle, as their official blog post published on December 11th noted. This headline makes it in the latest cryptocurrency news in regards to new trading platforms.

The post outlines that the new mobile trading app will allow users to buy and sell crypto while monitoring real-time and historical crypto market prices for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) as well as ZCash (ZEC).

The users can see the total value of their current portfolio and set price and percentage value change alerts for their chosen coins. The further functionalities will include a “recurring buy” feature as well as extended support for a newly-launched investment vehicle that is named “The Cryptoverse” and is described as a basket of cryptocurrencies, weighted by market capitalization in order to be bought as a single order.

As the interview with Bloomberg published yesterday noted, the twins struck a bullish tone in regard to the recent market crash. Tyler stated that “we are totally at home in winter” and his twin Cameron added that “it gives us time to build internally, and refine and kind of catch our breath.”

Cameron even described the app as a bid to reach out to retail investors, stating:

“A lot of our decisions have perhaps given off a perception that we’re more institutional-based. The reality of the situation is that we have a diverse customer base. And the retail story is just beginning.”

The twins and Gemini founders also revealed their plans to expand to the Asian crypto market where they will face stiff competition from the thriving exchange industry that includes companies such as Bitfinex, Binance and Huobi.