News Desk · 19 hours ago · 2 min read
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Winklevoss Twins Hire Former NYSE Tech Executive as CTO of Gemini Exchange
With a rising interest in blockchain, global talent continues to migrate away from traditional finance and towards the new digital economy. Following an industry trend, the Winklevoss twins hired former NYSE executive Robert Cornish as Gemini exchange’s first Chief Technology Officer.
Migration from Wall Street to Crypto
On July 6, 2018, Gemini cryptocurrency exchange hired former Chief Information Officer at NYSE Robert Cornish as its first Chief Technology Officer, according to Bloomberg.
In the official press release, Gemini CEO Tyler Winklevoss stated:
“Rob is a tremendous addition to our team. He will ensure that Gemini continues to deliver the best platform experience to our customers as possible and set the standards of excellence for the cryptocurrency industry as a whole.”
Cornish will head Gemini’s technology team, architecture and strategy for the new Gemini Auction and Nasdaq SMARTS Market Surveillance systems, which will enable the exchange to monitor its order books and determine settlement prices for Bitcoin Futures trading on Cboe Futures Exchange.
Adding to his statement, Tyler Winklevoss noted:
“Rob is globally recognized for his abilities in leading high-performing engineering teams, his expertise in exchange and matching-engine architecture, and running high-throughput platforms that are both secure and resilient.”
Gemini Ready for Regulatory Changes
As one of few cryptocurrency exchanges chartered by the NYDFS, Gemini is preparing to meet institutional investor demand through regulated custody services and cryptocurrency futures and ETPs.
In early May, Winklevoss IP, a company owned by the Winklevoss brothers, received approval for a patent to settle exchange-traded products (ETPs) holding cryptocurrencies on national securities exchanges.
Specifically, the patent outlined approval to use ETPs holding Bitcoin, Litecoin, Ripple and ether among other approved altcoins.
Gemini Trust Company became the first licensed cryptocurrency exchange to offer buying and selling services for ether and Zcash in May 2018.
With institutional investors gradually migrating towards the cryptocurrency sector, Gemini is making key hires, acquiring regulatory approval and patents to expand its asset offerings and usher in a regulated environment for cryptocurrency investing.
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