Bitcoin Exchange Gemini Approved for Launch in New York

[OmegaStarScream]

After I made this thread couple of days ago : https://bitcointalk.org/index.php?topic=1198349.0 , now seems like they got the full approval and they are ready to go .

Gemini, the much-anticipated bitcoin exchange led by entrepreneurs and investors Cameron and Tyler Winklevoss, has received approval from the New York State Department of Financial Services to begin serving US customers in 26 states as well as Washington, DC.


Article on Coindesk : http://www.coindesk.com/bitcoin-exchange-gemini-new-york/
Article on TechCrunch : http://techcrunch.com/2015/10/05/winklevoss-twins-receive-approval-to-launch-bitcoin-exchange-gemini/

[WhatTheGox]

Ok good, i did think this was already approved but oh well its all good.  Would be nice to have any updates on ETF.

[unamis76]

Will NY users flock to Gemini? I think they'll have a nice userbase, but the question is if investing to serve that userbase will be worth it in what concerns profit in the long run... I think they'll have success

[DooMAD]

I suppose it's good in the sense that it grants more legitimacy and helps shed the "wild west" image of crypto, with their regulator-friendly approach.  But at the same time, I'm not one of those people who thinks we're off to the moon just because of an exchange launching.  Good news, but nothing to get overly excited about.

[dre1982]

I suppose it's good in the sense that it grants more legitimacy and helps shed the "wild west" image of crypto, with their regulator-friendly approach.  But at the same time, I'm not one of those people who thinks we're off to the moon just because of an exchange launching.  Good news, but nothing to get overly excited about.

I don't think this need will fire BTC to the moon. But is finally some good news. The most news about Bitcoin is just negative publicity.

[chennan]

Does anyone know the list of states that are allowed to use gemini? I hope my state is one of them, because I hate dealing with circle and coinbase...

[Zombier0]

So do we expct btc to raise? Gemini bros have enough overpiced BTCs to sell before buying from other markts

[Mikestang]

Gemini, the much-anticipated bitcoin exchange led by entrepreneurs and investors Cameron and Tyler Winklevoss, has received approval from the New York State Department of Financial Services to begin serving US customers in 26 states as well as Washington, DC.

It's good to see this project moving forward, but I wish they took a stand againsty New York's ridiculous regulation environment and set up their business in a more btc friendly state.  Sure, NY is like the USA finance capital, but still, why build a bitcoin business in a state that is hostile to bitcoin?

[Brad Harrison]

Good to see things like this happening in bitcoin world

[Amph]

should help those that live there and where excluded from other major exchange like kraken and bitfinex if i'm not mistaken

i was expecting a better front to be honest, seems too generic...

[bct-user]

well looks like they have pretty much demand, because they have a long queue of individual and institutional of people waiting to sign up on their site. the site is looks professional.

Does anyone know the list of states that are allowed to use gemini? I hope my state is one of them, because I hate dealing with circle and coinbase...

nothing information about their list of states. 26 states has been listed.

[Rumichbit]

This should help Bitcoin, we need more stuff like this.

[Mickeyb]

I suppose it's good in the sense that it grants more legitimacy and helps shed the "wild west" image of crypto, with their regulator-friendly approach.  But at the same time, I'm not one of those people who thinks we're off to the moon just because of an exchange launching.  Good news, but nothing to get overly excited about.

Yes, I agree with you. It gives us another legit exchange and it moves us even further from Mt. Gox fiasco and all the bad taste in the mouth that all that left us with.

It's even more important that this exchange might be used more by serious, business people. Stock exchange type of people. They love stuff like that and even need an exchange as legit as this to get into Bitcoin world. Let's not forget all the New York people that however got shaked up a bit by all of the BitLicense stuff.

[intristin]

Can't tell you how annoying it is as a New Yorker to be locked out of just about every current exchange. I welcome the news though I don't really care for the Winklevoss. I'll hold my nose as there are really no other options for easy USD withdrawal and deposit. Cryptsy wanted me to mail something called a check, whatever the hell that is, lol. I think my Grandparents use to use them while they walked 10 miles uphill in the snow to get to school.

[Preen]

I'm pleasantly surprised that Gemini is launching so quickly. I was under the impression it would take another couple of months. This is a good step forward, hopefully we will see that ETF follow soon.

[CoinBateman]

So do we expct btc to raise? Gemini bros have enough overpiced BTCs to sell before buying from other markts

Clearly you don't understand how things like this work. These things take time, and if you think the winklevoss guys haven't been hedging their holdings this whole time then you are clearly none the wiser than the rest of the community who expect winklevoss to be the saviour.

Markets are created by the few, who want to make money from the many. They are a business.

We've had a completely different order of magnitude volume since the January low, and my guess is that they've been preparing for quite some time.

[Guido]

definitely good news

[popovicbit]

Very good news

[UserVVIP]

DONT TRUST THIS EXCHANGE!!!

I DEPOSIT 50BTC AND THEY MASSIVE SCAM KEPT ALL MY BTC SAYS I PUT 0 IN BUT THEY LIE DONT TRUST THEM!

[xyzzy099]

Does anyone know the list of states that are allowed to use gemini? I hope my state is one of them, because I hate dealing with circle and coinbase...

Gemini is currently operational in the following US states:

California
Colorado
Delaware
Florida
Idaho
Indiana
Kansas
Kentucky
Louisiana
Maryland
Michigan
Minnesotta
Mississippi
Missouri
Montana
New Hampshire
New Mexico
New York
North Carolina
Ohio
Rhode Island
South Carolina
Tennessee
Utah
Vermont
Washington, D.C.
Wyoming

We are working hard with regulators to open in other states and other countries around the world. If you live in a state or country where we are not yet operational, please feel free to continue the registration process and we will notify you once we are open for trading in your area.