Winklevoss: 'Institutionalization' of Bitcoin Trading Has Already Begun

     Bitcoin has been at its most stable in 2015. Is the emergence of regulated bitcoin exchanges related to this? Cameron Winklevoss, chairman and co-founder of Gemini, thinks so.

     As a manager of a regulated exchange, Winklevoss is not an impartial observer. Nevertheless, Finance Magnates believes that he is exploring the impact of regulated exchanges in attracting more mainstream investors to the Bitcoin space.

Standardized exchanges emerge

     Gemini is one of two exchanges regulated as financial services entities by the New York Department of Financial Services (NYDFS), the other being itBit .

     The NYDFS issued trust charters to itBit and Gemini , both of which are based in New York. They operate as fully regulated financial services entities in all U.S. states and are exempt from the NYDFS BitLicense regulations enacted by New York last year.

     Some observers have speculated that mainstream investors’ opposition to day traders will make bitcoin’s price more stable.

     Finance Magnates said that last year was the most stable year for Bitcoin. Bitcoin is more stable than some traditional commodities, including stocks and currencies locked in stocks.

     Gemini has gained significant traction since its launch in October and was recently ranked as the 12th largest exchange in terms of USD-based transactions, according to 30-day data from bitcoinity.org .

     Winklevoss said that more and more mainstream investors are supporting Bitcoin. He also said that traditional financial institutions are willing to cooperate with regulated Bitcoin exchanges and invest more funds in them.

     Winklevoss said that during the preparation for the establishment of Gemini, the focus was on recruiting regulatory and security talents, whose level far exceeded the requirements of the BitLicense regulations. As a trust company, he said, Gemini must meet high standards of supervision, regulation and capitalization requirements.

     The Winklevoss brothers launched the first publicly traded medium that clearly marked the price of Bitcoin in the major physical market in North America. In the face of exchange-traded funds (EFTs), the brothers used COIN technology to bid on the Nasdaq market, but the U.S. Securities and Exchange Commission (SEC) was slow to approve it.

A noteworthy development trend

     Finance Magnates stated that mainstream investments cannot guarantee the long-term value of an asset. However, for those who want to know whether Bitcoin trading will evolve from the "Wild West" period, today's development trend is very noteworthy.

     Cameron Winklevoss said the 'institutionalization' of bitcoin trading is happening. He also said: "The next 12 months will be very exciting as investors gradually enter the bitcoin market."