New York regulators helped Ethereum

At 9:30 a.m. on Monday, Gemini Trust Company officially began trading Ether for Bitcoin and U.S. dollars. Thus, the world's first licensed Ether exchange officially kicked off. Ether is the encrypted asset and token of the Ethereum network, the main competitor currency and the fastest growing digital currency.

Tyler and Cameron Winklevoss, founders of Gemini Trust Company, have been preparing to make it a digital currency trading platform other than Bitcoin since the company was founded. Over the past six months, Cameron Winklevoss has pointed out on the Gemini Trust Company blog that Ethereum is a trustworthy option and that the company will provide customers with Ethereum storage services with the same security level as Bitcoin.

Reasons for choosing Ethereum

The Winklevoss brothers said that the unique properties of the Ethereum protocol will not only increase market value and asset liquidity, but will also have a wider range of applications.

The New York Department of Financial Services (NYSDFS) is the first institution in the world to begin regulating Ethereum. The Winklevoss brothers further explained that effective supervision and stability are not only a strong support for innovation, but also a protective umbrella for consumers.

We’re proud to be supporting this incredible new technology and contributing to the next generation economy.

In March this year, the market value of Ethereum soared by 10亿美金. In a report on May 7, the market value of Ethereum has reached 740,492,634美金, with a unit price of 9.3659679美金.

Ethereum is far ahead

Ethereum’s development has attracted a lot of media attention, and in turn, the media’s extensive coverage has accelerated its development. A recent New York Times news report pointed out that the value of Ethereum has soared by 1000% in three months, and it has also attracted the attention of large financial companies, who are interested in using Ethereum for blockchain and smart contract technology.

Uphold is a platform that provides financial services and encourages innovation. Last month, Uphold announced that it would use Ethereum and Litecoin to provide new services to users. Uphold said it would start using Ethereum in May.

Uphold supports both cryptocurrencies because they are growing rapidly among developers, financial practitioners, and open source enthusiasts.

Ethereum drives innovation

Coinimal is a cryptocurrency brokerage company in Vienna, Austria. It will allow users to buy Ethereum from August this year. What's different is that it has also launched a new sales function that allows users to sell their own Ethereum back to the platform.

Users only need to bind their bank accounts to complete currency trading. This new model provides convenience for users. Coinimal supports 9 payment methods, including PayPal, NETELLER, Skrill, SEPA transfer, etc.

In October 2015, after obtaining a virtual currency trading platform license, Gemini Trust Company officially began operations. It can serve both individual and corporate customers. In addition, Gemini Trust Company is exempt from registration with the Financial Crimes Enforcement Network (FCEN) and is a state-franchised company.