Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection

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Undaunted by the SEC’s second Bitcoin ETF proposal rejection, Tyler and Cameron Winklevoss appear to be charging full steam ahead with their cryptocurrency exchange and custodian, Gemini. For the twin brothers, the commission’s green light may have granted Gemini the largest rush of institutional capital seen in this industry. Now, with Gemini ranked 24th largest exchange by daily volume, the brothers would appear to have greener pastures firmly in sight. Gemini, which launched the first Bitcoin futures contract alongside Cboe, has been ramping up its efforts since prompting Wall Street’s first foray into cryptocurrency. Having doubled the number of staff worldwide to 150, CEO Tyler Winklevoss seems unfazed by current market conditions — telling Bloomberg his workforce would double once more by the close of 2018. As the market plunges to the furthest depths of 2018, the notion of a Bitcoin ETF seems to have become the retail investor’s salvation