London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in the CryptoCompare’s list as the rankings do not rely on aggregate volume data in its analysis, the firm said in a press release to Cointelegraph on Nov. 19. In order, the top 10 crypto exchanges in CryptoCompare’s second Exchange Benchmark are: Gemini, Paxos’ itBit, Coinbase, Kraken, Bitstamp, Liquid, OKEx, Poloniex, bitFlyer and Bitfinex. Binance was ranked seventh in the first Exchange …

Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund. Bitcoin fund available to retail investors by end of year In an Oct. 30 press release, 3iQ announced that it had received a favorable ruling from the Ontario Securities Commission (OSC) in regard to its closed-end Bitcoin fund, which is expected to be available on a major Canadian stock exchange by the end of the year. In February, Canada’s markets regulator ruled negatively on 3iQ’s proposal to launch its regulated Bitcoin fund. However, the Toronto-based 3iQ appealed the decision and …

Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind of stable asset — such as the United States dollar, euro or even gold. Linking to such assets confirms the coin’s stability and mitigating the volatility of cryptocurrencies. Related: Stablecoins Explained With this type of a token, an equal amount of fiat currency should be stored by the issuing company to back the value of the token. The owner of this token should be able …

The New York-based cryptocurrency exchange Gemini, founded in 2014 by twin brothers Cameron and Tyler Winklevoss, has launched its own custody service, Gemini Custody. In a news release shared with Cointelegraph on Sept. 10, Gemini said the newly launched custody solution will allow its customers to check balances, download account statements, initiate withdrawals, and grant auditors view-only access to confirm balances, transactions and activity. Customers will also be able to trade their assets in custody on the Gemini exchange without waiting for them to be transferred from cold storage. Eighteen supported assets Gemini Custody reportedly supports 18 cryptocurrencies including Bitcoin …

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to LinkedIn’s new list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019. Crypto startups are falling out On the other hand, Gemini Trust Company, the custodian …

The Winklevoss brothers-led Gemini crypto exchange has introduced its new clearing and settlement product Gemini Clearing. No OTC desk on Gemini Gemini announced the new clearing and settlement solution in a blog post on Sept. 5, explaining that the Gemini Clearing allows traders to negotiate off-exchange or over-the-counter (OTC) crypto trades using Gemini accounts. Gemini Clearing is a fully digital platform providing regulated clearing and settlement services for pre-arranged off-exchange or OTC trades, which intends to reduce counterparty risk as well as ensure immediate settlements. The post clarifies that the Gemini does not have an OTC trading desk. Brokers allowed …

The Winklevoss brothers’ cryptocurrency exchange Gemini has hired Noah Perlman, a former executive at financial services giant Morgan Stanley, as its new chief compliance officer. Per an official announcement published by Tyler Winklevoss on Sept. 4, Perlman joined Gemini after 13 years at Morgan Stanley, where he worked as global head of financial crimes and global head of special investigations. Legal and compliance background The announcement said Perlman had “firm-wide, legal and compliance responsibility for the governance, oversight, and execution of the firm’s anti-money laundering, sanctions, anti-boycott, anti-corruption, and government and political activities programs.” According to Perlman’s profile on LinkedIn, …

New York-based cryptocurrency exchange Gemini has introduced a sub-accounts feature for institutional customers — enabling the creation of unlimited multiple accounts under one master account. In a Sept. 3 announcement, the company led by Cameron and Tyler Winklevoss claimed to be the world’s first crypto exchange and custodian to support such an option. “Most commonly requested feature” Once a user creates a set of sub-accounts, they can segregate trading strategies, funds and end customers, as well as earn volume-based trading fee discounts in a simpler way. The announcement further explained: “Each sub-account can have its own distinct set of users …

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is joining crypto-friendly bank Silvergate’s Silvergate Exchange Network (SEN) to speed fiat transfers. Real-time fiat money transfers Gemini announced the move in an official blog post on Aug. 27. According to the announcement, the main benefit of the exchange’s partnership with Silvergate is that Gemini’s institutional investor clients can withdraw and deposit United States dollars from their accounts at any time. This is already the industry standard for cryptocurrencies, but not for fiat money, per the report. Additionally, the announcement states that Gemini is integrated into SEN’s application programming interface (API). …

The Winklevoss twins’ crypto exchange and custodian Gemini is expanding to Australia, enabling residents of the country to use its platform to buy, sell and store crypto. Australian residents can now download the Gemini mobile app on iOS or Android to trade major cryptocurrencies, according to a press release shared with Cointelegraph on Aug. 21. The list of supported digital coins includes Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Zcash (ZEC). While Gemini supports six cryptos, its stablecoin Gemini dollar (GUSD) is not supported in Australia, according to its website. Gemini coverage Apart from Australia, Gemini currently …

Tyler and Cameron Winklevoss — Bitcoin (BTC) bulls and founders of the Gemini crypto exchange — say they are open to partnering with archrival Mark Zuckerberg on Libra. CNN Business reported on Aug. 19 that the twins are not allowing their notorious and drawn-out settlement with Zuckerberg stand in the way of a potential collaboration. In talks to join the Libra Association Whether or not a partnership will finally materialize, Cameron told CNN that Libra represents a step towards mass adoption of cryptocurrency, underscoring: "I think there is a day in the future where we can't live without crypto, or …

Gemini, the cryptocurrency exchange and custody founded by the Winklevoss twins, has hired cybersecurity expert David Damato as its new chief security officer (CSO). Damato was previously the CSO of cybersecurity firm Tanium. Tyler Winklevoss announced the new hire in an official blog post on Aug. 19. According to the blog, Damato previously created and led a cybersecurity team at Tanium that provided security services to government agencies, Fortune 500 firms and numerous banks. In the announcement, Tyler Winklevoss emphasized that Gemini has always had a security-first mentality, citing its SOC2 Type I examination — a type of audit — …