The Block: Gemini launches a mobile app to buy and sell cryptocurrencies

Gemini, the New York-based cryptocurrency exchange founded by the Winklevoss twins, has launched a mobile app for its exchange services. The mobile app is available on Android and iOS devices and is accessible wherever Gemini’s platform is active.

In addition to launching Gemini Mobile, Gemini is also introducing a new basket product, called Cryptoverse, which is a market-weighted bundle of the five cryptocurrencies available on the exchange: bitcoin, ether, bitcoin cash, litecoin, and Zcash. Users can trade the Cryptoverse bundle to get exposure to all five of Gemini's listed cryptocurrencies.

“We’ve spent the last three years building the world’s most trusted cryptocurrency platform, and today we are excited to extend it into the hands of our customers,” said Cameron Winklevoss, President of Gemini. When asked why it took Gemini so long to launch a mobile app, Cameron Winklevoss told The Block that while Gemini may not be the first to the market, it will be the most trusted. The “fastest tortoise to the race,” he said.

“We wanted to focus on building trust,” Tyler Winklevoss, CEO of Gemini, added.

Gemini has been a historically conservative exchange in an industry that often plays fast and loose with regulations. However, that has not prevented the company from launching new products and features. In May 2018, Gemini became the world’s first licensed Zcash Exchange , and in September, it launched the world’s first regulated stablecoin , Gemini dollar, which is now supported by more than 45 exchanges globally.

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