To Top

Changing Up Crypto Winklevoss Twins Style

The Winklevoss twins always like to stir things up.

Are several crypto exchanges really looking at taking the crypto market to an all-new level?

Yes, the Winklevoss brothers, Gemini in conjunction with three others have created the Virtual Commodity Association Working Group. This is what needs to happen prior to the formation of a self-regulatory organization for digital commodities such as bitcoin and Ethereum.

The hope is this new group will bring new industry standards for crypto. Thus making investors more at ease, in this fairly new market.

When it comes to equities, the securities exchanges have their own way and organization to do things. They come up with standards that are to be practised and respond to regulators.

It has now been recognized by various competing exchanges that working together will be beneficial for all and in turn improving the industry.

By coming up with the best practices for the industry it will improve the liquidity of it.

The creation of this group would help regulators engage the crypto environment

Who will be joining the group? We will soon see this month when the group first meets. So far there is Gemini, Bitstamp, Bittrex and bitFlyer USA.

When they meet what problems could the group solve? The ambiguity of the crypto market.

According to the Winklevoss twins, the creation of Consolidated Audit Trail will allow regulators and the market to track what is going on within the US equities.

With institutions leery over how fair and the quality of the data in the crypto market, this group will hopefully alleviate their concerns.

Winklevoss Twins

Sonia Rina Davies is a passionate entrepreneur, speaker, author, and personal development coach. She is an outspoken advocate of the free market economy and has helped countless clients identify their core values, envision and realize goals that resonate with those values. She oversees several businesses both online and offline.

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Finance

  • Eventbrite IPO

    The Eventbrite IPO comes in the wake of hefty 2018 first-half losses. An online ticketing platform, the service allows users to...

    Staff EditorSeptember 23, 2018
  • Fidelity ZERO Market Index Fund Brings In $1 Billion in First Month

    Fidelity ZERO Total Market Index Fund is comprised of a pair of zero-fee index mutual funds covering the U.S. and international stock...

    Staff EditorSeptember 6, 2018
  • The Running of the Bull Market

    Depending on who you ask, this may be the longest running Bull Market in history. For those of you that are...

    Staff EditorSeptember 5, 2018
  • Trigger Already Hit for Next Stock Market Crash?

    The primary indicator for a stock market crash is investor sentiment, particularly when investors feel safer than they really should be. Consumer...

    Staff EditorSeptember 4, 2018
  • Investors Betting Against The US Treasury

    Self-Sabotage: An Upcoming Issue For Investors Betting Against The US Treasury? The DoubleLine Funds founder, Jeffrey Gundlach, believes that investors could...

    Staff EditorAugust 21, 2018