Winklevoss Brothers Will Catch Dishonest Crypto Traders

Winklevoss Brothers Will Catch Dishonest Crypto Traders
CONTENT

  • Gemini partners with Eventus

  • The company seeks to stop market manipulation

  • Gemini is actively promoting the idea of ​​countering manipulation

Winklevoss Brothers Will Catch Dishonest Crypto Traders

International consortium of news organizations developing transparency standards.

Gemini cryptocurrency exchange will use Eventus toolkit to identify attempts to manipulate the digital asset market

Gemini Trust Co., a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has chosen Eventus Systems Inc. as a provider of tools to counter market manipulation in a market where illegal trading often flourishes.

No cheaters!

Winklevoss Brothers Will Catch Dishonest Crypto Traders

Austin-based Eventus also works with other major US cryptocurrency exchanges, including Coinbase and ErisX. Traditional markets have long had rules and procedures to counter illegal practices such as laundering and advance transactions. However, in the cryptocurrency sphere, this is still a big problem due to the lack of clear regulation..

It is because of the frequent manipulations that the Securities and Exchange Commission has repeatedly blocked ETF launches on bitcoins. In addition, a 2019 study showed that the growth of the first cryptocurrency to $ 20,000 could have been triggered by a single trader..

“The world of digital assets is an ever-changing environment,” says Gemini COO Noah Perlman. “Eventus has an excellent track record.”.

Gemini’s experience in countering manipulation

Winklevoss Brothers Will Catch Dishonest Crypto Traders

In 2018, the Winklevoss twins formed the Virtual Assets Association to develop industry standards for transparency and work with regulators, including the American Futures Trading Commission. These measures are expected to help reduce the risk of fraud and manipulation in the digital asset market. In 2018, Gemini hired Nasdaq Inc. to control the market.

“As the popularity of digital assets grows, it is important that marketplaces like Gemini develop comprehensive trade surveillance programs and procedures and maintain ongoing monitoring,” Eventus CEO Travis Schwab said in a statement..

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

  • Phemex just added 7 new trading pairs

    Phemex has just added 7 new trading pairs CONTENTS Seven new trading pairs have appeared on the Phemex exchange Phemex also offers 9 markets…

  • Researchers named 3 scenarios…

    The researchers named 3 scenarios for hacking digital asset exchanges CONTENT According to the researchers, there are three approaches to hacking digital asset exchanges…

  • Aksakov told why digitalization…

    Aksakov told why digitalization of the economy is beneficial for banks CONTENTS Key advantages of tokenization of the economy were named in Russia Banks will be able…

  • Ukraine could create a cryptogrivna…

    Ukraine could create a cryptocurrency 3 years ago – the head of the Kuna Exchange CONTENTS Ukraine is able to develop a digital hryvnia in two weeks, believes…

  • BeInCrypto CEO Alena Afanasyeva…

    BeInCrypto CEO Alena Afanasyeva will speak at Digital Summit 2020 CONTENTS Experts will discuss the most important issues of cryptoindustry development Among the participants…