- Tyler and Cameron, CEO and President of Gemini, believe that 2020 would be the beginning of a new era for crypto.
- Gemini has completed four years of crypto-related services.
- Gemini Clearing, another initiative, is an electronic settlement solution forum for off-exchange digital currency trades.
Crypto enthusiasts are keenly waiting for 2020 as the year promises plenty of opportunities for the development of cryptocurrency. Crypto-related firms have had several ups and downs over the years, but the year 2019 brought a myriad of case studies where users go for digital currencies over fiat currencies.
Tyler and Cameron, CEO and President of Gemini, believe that 2020 would be the beginning of a new era for crypto, pushing the industry for mass adoption of digital currency. They describe 2020 to be the ‘decade of crypto.’ Gemini has completed four years of crypto-related services, and their voyage guided with the mission of empowering the individual through crypto.
2019 serves to be a building year of their accomplishments and have stayed focused on building a strong foundation of mainstream adoption. Gemini custody was a major highlight of 2019 in which they expanded their qualified custodian offering to adapt 18 cryptos, which would further develop in 2020. Instant liquidity allows for immediate trading of cryptos held in custody on their platform.
Another notable accomplishment of 2019 was getting selected by State Street as a part of its new digital asset pilot. Thereby, Gemini custody can now handle the digital assets of financial institutions and receive relevant data via State Street. They have completed a SOC 2 Type1 examination and presently appearing for a SOC 2 Type 2 examination.
Gemini Clearing, another initiative, is an electronic settlement solution forum for off-exchange digital currency trades. Gemini has been establishing business tie-ups with significant exchanges. Lately, they joined the CME CF Bitcoin Real Time Index (BRTI) and CME CF Bitcoin Reference Rate(BRR). They also joined the Silvergate Exchange Network (SEN) for the compatibility of institutional customers to make transactions in U.S. dollars.
They took active participation in forming a VCA (Virtual Commodity Association) committees to deal with matters related to custody, market integrity, and insurance. Yusuf Hussain, Head of Risk, is the president of the VCA committee.
Talking about global expansions and leadership roles in Gemini, They have launched in Australia, and Julian Sawyer would look after their development in the U.K. and Europe in 2020. Also, new posts have assigned as Chief Security Officer and Chief Compliance Officer.
Tyler and Cameron see the potential of cryptocurrency to be a significant power in redesigning the financial system with improved technology developed over the years.