The founders of the New York licensed digital asset trading venue Gemini Exchange, Tyler and Cameron Winklevoss, have revealed that adding new cryptocurrency options are high on the company’s agenda this year. They are planning on adding bitcoin cash and litecoin and will thus cover four out of the five top cryptocurrencies by total market cap.
Speaking Thursday at a Cboe event in Florida, the Gemini operators said that the licensing agreement with Cboe is scalable, and they entered into the deal knowing it could expand in terms of offerings. Obvious candidates for expansion “are from the Satoshi Nakamoto family tree: Bitcoin cash, Litecoin,” Tyler Winklevoss explained.
Besides focusing on adding bitcoin cash and litecoin, the Gemini founders also recently commented on other highly discussed topics in the crypto community. They said they aren’t concerned about the sharp price drops or the slowdown in volume because they followed bitcoin since it was worth just $8 and short-term drops happened many times before but they are in it for the long-term. “In 2018, you’re really going to see institutions and Wall Street really get in, and it’s going to look very different,” Tyler Winklevoss predicted.
The Gemini founders appreciated the SEC announcement from Wednesday that many link with the price drop. The agency warned that exchanges that offer what it considers to be securities without a license are operating illegally.