Gemini bitcoin exchange founded by twin brothers Cameron and Tyler Winklevoss will start offering ETH / BTC and ETH / USD trading pairs, thus becoming the first
licensed ether exchange in the world.
The US Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) had to classify and define cryptocurrency when they perceived it overlapping their individual mandates, like
when Ether exchange - traded notes or bitcoin futures launched.
Gemini Exchange is one of the fastest growing bitcoin and
ether exchange which allows to buy / sell crypto with fiat currency.
In response to the recent surge of regulatory interest in cryptocurrencies, the Winklevoss twins of bitcoin and
Ether exchange Gemini have proposed a self - regulatory body for the industry.
The price move comes days after the SEC disclosed that it has initiated the approval process for a
proposed ether exchange - traded fund (ETF).
Gemini, the first Bitcoin and
Ether exchange to receive licensing approval for trade in New York, has been slowly traversing the globe by opening up trade in new countries.
So, for example, Bitcoin - to -
Ether exchanges will not be regulated.
This means there are practical reasons atomic swaps might not be viable today, including the fact that one - to - one bitcoin - to -
ether exchanges aren't exactly fair trades given the price disparity between the assets.
CoinShares Group, the group behind the first bitcoin and
ether exchange - traded notes, issued by group company XBT Provider, and the team behind the world's first regulated bitcoin strategy (GABI), is announcing two new flagship crypto investment funds today.
Ethexindia is «India's first
ether exchange,» according to its website.