Any Exchange that wants to be taken seriously, will always seek to list within its services the cryptos with the greatest market cap or potential. Generally, the top 10 coins should be a must, especially because those are precisely the ones that manage the most resources and have the most users as well.
Exchanges have had difficult times in recent months. A series of hacks and banning threats by the government have hindered their operations, especially for those that are not so well known since they do not have lots of resources to invest in advertising, marketing, and cybersecurity. However, Winklevoss twins‘ Exchange Gemini is trying to make its name in the crypto-trading world and seems to be aiming at changing things.
According to Bloomberg Gemini is betting on the inclusion of coins that “are from the Satoshi Nakamoto family tree — Bitcoin cash, Litecoin,” as Tyler Winklevoss said.
With these new currencies, Gemini could become a direct competitor of Coindesk Inc. Having the same offer, but with a different vision and business approach. Gemini has a strategic partnership with CBOE Global Markets, one of the world’s largest exchange holding companies which offers cutting-edge trading and investment solutions to investors around the world.
Thanks to this partnership they are offering the CBOE Gemini Bitcoin Futures a new investment option for those seeking to expand their business portfolio.
With this alliance, Gemini is confident about the legality and robustness of the service they provide to their users while announcing their support to the SEC’s decision to consider that exchanges offering what it considers to be securities without a license are operating unlawfully. A decision that they “applauded” and qualify as positive because, according to them, it could dynamize and open the market.
“In 2018, you’re really going to see institutions and Wall Street really get in, and it’s going to look very different” Tyler Winklevoss responded when asked about the future of trading.
The TOP 5 cryptos will be on Gemini… except for XRP
For now, Gemini has no intention of including Ripple in its list of available altcoins, which seems to be a common ground with the rest of the exchange as well. Perhaps Ripple’s business model makes this option a bit difficult, but nevertheless, the trading partners behind this blockchain company give it enough strength to remain in the top 3 coins on coinmarketcap.
The future of trading seems to close the gap between blockchain and traditional investments, changing in a certain way the thinkings of those who participate in these markets, and Gemini is at the forefront of these changes with the decisions they are making.