Today, my brother Tyler and I (Cameron Winklevoss) are thrilled to announce the launch of Gemini Exchange—a next-generation Bitcoin trading platform. What do we mean by "next-generation"? We envision creating a fully regulated, compliant, New York-based exchange catering to both individual and institutional investors.
Why Build Gemini?
The time is ripe.
But before diving deeper, let’s rewind to how this journey began. Our fascination with Bitcoin started in 2012. The moment we encountered this technology, its revolutionary potential was undeniable. Skepticism and ridicule around Bitcoin only fueled our resolve. Over the next 2.5 years, we immersed ourselves in:
- Self-education and advocacy for Bitcoin.
- Investments in Bitcoin and related startups.
- Filing an S-1 with the SEC to create the Winklevoss Bitcoin Trust (an ETF to democratize Bitcoin investing).
- Launching WinkDex, a Bitcoin price index (available on web, iOS, and Android).
However, we quickly realized that a U.S.-regulated ETF alone wasn’t enough. American investors, traders, and institutions lacked a domestic platform to trade Bitcoin securely. The solution? A U.S.-based exchange.
The Regulatory Milestone
A year ago, we testified at a New York State Department of Financial Services (NYSDFS) hearing on virtual currencies. With 15,000 attendees from 117 countries, it was clear that NYSDFS Superintendent Benjamin Lawsky and his team understood Bitcoin’s potential. Their goal: a regulatory framework that protects consumers while fostering innovation. At that moment, New York became Gemini’s home.
Building the Dream Team
Since February 2014, Tyler and I have assembled a 14-member team (including us), with 11 engineers specializing in security, tech, and financial systems. Our mission? To construct a hack-resistant, fraud-proof exchange from the ground up.
👉 Discover how Gemini’s security measures set new industry standards
Banking Partnerships and Safety
We’re proud to share that Gemini has secured a relationship with a New York State-chartered bank. This means:
- Your funds never leave the U.S.
- Deposits are FDIC-insured and held in regulated banks.
- Dollar balances on Gemini are as safe as traditional bank accounts.
Why the Name "Gemini"?
After weeks of brainstorming, we chose "Gemini" (Latin for "twins") to reflect:
- Duality: Traditional vs. future money, and the bidirectional nature of trading.
- Space Inspiration: NASA’s Gemini Program laid the groundwork for the moon landing—fitting for our "to the moon" aspirations.
Tyler and I also happen to be twins—a happy coincidence!
The Future of Money
Bitcoin’s mass adoption isn’t a matter of if but when. Join us as we bridge the gap between today’s financial systems and tomorrow’s possibilities.
Welcome aboard!
FAQs
1. Is Gemini available internationally?
Yes, but with a focus on U.S. regulatory compliance.
2. How does Gemini ensure security?
Through multi-layered protocols, including cold storage and banking partnerships.
👉 Learn more about Gemini’s security infrastructure
3. What assets can I trade on Gemini?
Initially Bitcoin, with plans to expand to other cryptocurrencies.
4. Is Gemini FDIC-insured?
Yes, for U.S. dollar deposits held in partner banks.
5. Why choose Gemini over other exchanges?
Regulatory clarity, institutional-grade security, and a U.S.-based operations hub.