Winklevoss Bitcoin Brothers Snatch NYSE CIO For Gemini Exchange
The Winklevoss twin, Tyler, and Cameron are two of the biggest figures in the blockchain industry.
The pair first came to fame when they were awarded $65 million in a legal battle in which Mark Zuckerberg was accused of stealing the idea for Facebook from them.
Tyler and Cameron, although popular for developing Gemini Exchange, are high profile advocates of Bitcoin and other cryptocurrencies, and are major investors in the industry.
The value of digital assets held by the pair was estimated to be worth more than $1.6 Billion in December 2017, and yes, they didn’t sell any of the assets they owned to launch Gemini which now has a new executive.
The Winklevoss twins announce a new head of tech
In an announcement made last week, Gemini, one of the leading digital exchange platform and custodian announced its appointment of Robert Cornish as its first-ever Chief Technology Officer.
The announcement was also confirmed by Cameron Winklevoss through a medium post tweeted by his account.
Although the announcement has been made, Robert Cornish will only officially begin work as the CTO of Gemini Trust Co. by the end of July when Tyler Winklevoss would step down.
Robert Cornish joins the increasing list of top wall street executive to venture into the fast-evolving cryptocurrency and blockchain industry.
Robert Cornish has a history in the financial industry, Cornish serves as the Chief of Information office for New York Stock Exchange (NYSE) where he led the technology team on a project Pillar, to overhaul the Big Board’s outdated electronic trading platform.
Prior to this, Cornish worked for over ten years with the International Securities Exchange, the first all-electronic U.S options exchange, growing to become the CIO of the organization.
In 2016, Cornish was named in Institutional Investor’s “Trading Top 40”, and would be bringing his vast knowledge and experience reserve to Gemini Trust Co, and Tyler Winklevoss acknowledged this:
“Rob is globally recognized for his abilities in leading high engineering teams, his expertise in exchange and matching engine architecture, and running high-throughput platforms that are both secure and resilient”
Robert Cornish would be using his long-term executive level knowledge and skill grow Gemini, or as Tyler puts it, set the standards of excellence for the cryptocurrency industry as a whole.
Cornish’s Role in Gemini’s Expansion
Gemini has consciously and consistently taken steps to ensure their compliance with state and federal legislation, this has resulted in their growth over the last couple of months.
Gemini has experienced incredible growth as an exchange platform, and a licensed financial body.
Gemini recently became the first licensed Zcash exchange in the world after obtaining an approval from the New York State Department of Financial Services (NYDFS). Gemini has also been approved by NYDFS to trade Litecoin (LTC) and Bitcoin Cash (BCH).
Cornish will be responsible for Gemini’s technology team, architecture, and strategy. In addition, he will oversee the new SMARTS Market Technology and Gemini Auctions being developed.
Gemini’s partnership with Nasdaq brought about the technology which will help users of Gemini predict the price of futures contracts on the Cboe.
In all, Gemini is trying to build a fairer and more balanced marketplace for her customers. The appointment of Robert Cornish is strategic and geared towards the growth of the digital exchange platform. Tyler said about the appointment of Robert Cornish:
“Rob is a tremendous addition to our team. He will ensure that Gemini continues to deliver the best platform experience to customers as possible and set the standards of excellence for the cryptocurrency industry”
A Lesson from The Winklevoss Twin
Tyler and Cameron Winklevoss have made a name for themselves as the founders of Gemini, and Bitcoin billionaires, but it all comes to go up in one day.
Even though both are billionaires, Cameron still drives an old SUV, and Tyler, well, he doesn’t have a car at all, The Times National paper reported in 2017.
In December 2017, The New York Times reported that the Winklevoss twins had Bitcoin holdings that were worth about $1.3 billion and holdings of over $350 million on other cryptocurrencies which included Ethereum, Litecoin amongst others.
Cameron back in 2013 in a Reddit AMA post wrote about his focus on investing rather than spending. He said “Long term, directionally, it is a multitrillion-dollar asset – I don’t know how long it takes to get there”, “I’m in this for the long-haul”, a big lesson on investment to take away from the Winklevoss twin.