Having built one of the largest cryptocurrency exchanges on the planet, the Winklevoss Twins are turning to mobile with the launch of the Gemini app.
The app will allow users to buy and sell cryptocurrency, view market prices, and set alerts. There’s also a neat “Buy the Cryptoverse” function to purchase a basket of cryptocurrencies all at once, much like buying an index fund.
The design is slick and minimal in a bid to broaden the appeal of cryptocurrency, removing much of the chaos and clutter of competing exchanges. It will also integrate Gemini’s “institutional-grade security.”
The Winklevoss Twins are among the few bitcoin billionaires and are reported to own more than 1% of the total bitcoin supply. They launched the Gemini exchange in 2014 with a view to creating a secure, mainstream outlet for purchasing cryptocurrency.
Gemini made headlines earlier this year when it secured full insurance coverage for its exchange and custody services.
Meanwhile, the Winklevoss Twins have put forth numerous bitcoin exchange-traded fund (ETF) proposals, but have been knocked back repeatedly by the Securities and Exchange Commission (SEC).
Speaking about the new Gemini app, Tyler Winklevoss said:
“We spent the last three years building the world’s most trusted cryptocurrency platform and today we are excited to extend it into your hands and allow you to engage with cryptocurrency wherever you are and whenever you want.”