Winklevoss Twins May Partner their Gemini Exchange with Facebook's Libra Project
Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join Facebook's cryptocurrency Libra project.
Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have a coin or be working on some sort of project. ~ Tyler Winklevoss
Considering the Winklevoss brothers’ legendary fight over control of Facebook with its CEO Mark Zuckerberg, joining Libra might be a surprise move to some. But now the Winklevoss twins want to be “frenemies”with a mutual goal of promoting mainstream crypto adoption.
Plus, the twins are aiming to diversify Gemini’s token offerings by 2020. They recently applied for a broker-dealer license through the Financial Industry Regulatory Authority, which would allow Gemini to list digital securities.
Although U.S. lawmakers have so far given Facebook’s global cryptocurrency project an icy reception, even urging the association to halt development, Libra’s vision of a global currency otherwise aligns with the twins’ goals for their own exchange.
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