The New York-based Gemini Trust Company which came into existence by the Winklevoss twins in 2014. Currently, this is among the top 100 exchanges by volume in the world. Gemini is now filing an application with the UK markets watchdog for a regulatory approval, says the Financial Times today’s report. However, the twins have supposedly hired advisers for their potential expansion.
This is a bold move for the twins being a massive supporter of Bitcoin and cryptocurrency ecosystem as a whole. However, the UK lawmakers can turn to the government for help to regulate “Wild West” cryptocurrency market.