Gemini’s Winklevoss: ‘Institutionalization’ Of Bitcoin Trading Has BegunGemini is one of two exchanges regulated as a financial services entity by the New York Department of Financial Services (NYDFS), the other being itBit.
NYDFS granted trust charters to itBit and Gemini, both of which are based in New York. They can operate in all U.S. states as fully-regulated financial services entities and are exempt from the NYDFS BitLicense regulations the state enacted last year.
Some observers have theorized that mainstream investors, as opposed to day traders, would bring stability to bitcoin’s price.
https://www.cryptocoinsnews.com/geminis-winklevoss-institutionalization-bitcoin-trading-begun/
