If you’re a crypto-enthusiast and you don’t know what Gemini is, you have to come out of the rock you’ve been living under buddy!
It’s one of the best and reliable crypto exchange platforms out there. It was founded by two sexy hunks. They are twins actually and not bad to look at. *wink* No intentions of objectifying them though, just saying that they’ve got the looks and the brain. It’s a rare and deadly combo.
To make things a bit more interesting, they are also Bitcoin billionaires as well. We’ve got you all worked up and curious haven’t we?
The Winklevoss Twins the fathers of Gemini as they say!
What does the word Gemini means?
*drum roll please*
The Latin word Gemini means “twins and indicates duality” Smartly played by the Winklevoss Twins. *Hats off*
The Gemini platform is designed to incorporate both form of money: crypto and fiat currency. The world we’re living in today is past paced and there will be a time when these two currencies are exchanged interchangeably more than they are right now.
The Winklevoss twins are smart as hell and their already prepped up for the future. After all they took the risk to invest in Bitcoin a few years ago, even though it seemed like a risk to many. But they knew it was the right move to make, and look where they are now.
Their cryptocurrency exchange is competing directly against other leading crypto exchange platforms like Coinbase and Kraken. Is there anything that doesn’t work in the twins favors? It’s like the all the stars in the cosmo are right by their side. Anything they touch turns into gold!
Digging a Bit Deeper
Gemini is a private (stating the obvious,) licensed digital exchange and also offers its custodian services for digital holdings. It allows its users to easily sell, store and buy the primal cryptos like Ether and Bitcoin.
Everything is super secure and regulated in a properly controlled environment. So, there is no need to worry about being ripped off in anyway. You can blindly trust these guys, they are gentlemen of the Harvard University after all.
What’s So Special About Gemini?
It’s a $100 question!
Gemini has first of a kind custodian services which is freakishly secure and reliable because it is licensed by the New York State Department of Financial Services (NYDFS.)
What is this custodian service? (I am confused as hell)
Well, to put it simply. Gemini is not just a standard virtual currency exchange. It offers to hold the customers digital assets on behalf of the customer. Basically the customers digital currency holdings are held to a specified capital reserve requirements and some banking compliance standards. The platform is also obliged to fulfill and maintain the necessary security measures.
Since, the platform itself has a banking relationship with the New York State chartered bank which is where all the funds of the customers are retained. Adherence to such kind of requirements, they acts like an insurance of an individuals funds and crypto holdings and also ensures that they are backed up by adequate monetary reserves. No cryptocurrency exchange offers that to its users.
The Winklevoss Twins always are way ahead of everyone aren’t they? We definitely think they are!