The Winklevoss twins are reaching for new heights with their
The Winklevoss twins are reaching for new heights with their announcement of launching a crypto trading mobile application. The brothers have long enjoyed a substantial degree of prominence in the world of crypto, be it in their capacity of being the men behind Gemini, one of the top cryptocurrency exchanges in the market; their struggle with the SEC over Bitcoin ETF proposals or their lawsuit against Charlie Shrem. Used to making headlines, the duo have now come up with a project that holds a lot of promise for crypto users far and wide.
While crypto trading apps are hardly a rarity, with new ones mushrooming ever so often, one that comes from the founders of the Gemini Exchange does appear to have an advantage over its existing competitors in a crowded market. According to a Medium blog post published on 11th December, 2018, from the account of Tyler Winklevoss, the new Gemini Mobile App will combine trading options with an innovative investment vehicle.
The new offering will enable users to both buy and sell virtual currencies just by tapping on their mobile phone screens. They will be helped in their trading decisions by the price tracker that tells them more than just the current price point of a crypto coin. We know that most coins have had ups and downs in their market history and the price histories enable us to understand investment potential and market trends. This is why the price tracker incorporates a feature meant to track a coin’s price history as well. However, this feature is currently limited to the most popular coins in the market such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash,ZCash etc.
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The app is expected to provide a seamless user experience by allowing users to view total portfolio value, and get alerted whenever their coin’s value or price changes. The buying process is made easier by adding a “recurring buy” option.
Portfolio Diversification with Cryptoverse
The most exciting addition to this offering is an investment vehicle called the Cryptoverse. This will enable a user to build a diverse portfolio at a go, as this serves as a basket of sorts, with virtual currencies weighted as per their current market cap. The whole thing can be bought in a single set.
An excerpt from the Medium blog post reads:
We spent the last three years building the world’s most trusted cryptocurrency platform and today we are excited to extend it into your hands and allow you to engage with cryptocurrency wherever you are and whenever you want.The Gemini Mobile App is one more step towards building the future of money.
We can only hope that this new app scales newer heights and opens up fresh horizons for the crypto world.