On Tuesday morning, amid a continued imbroglio in crypto markets, New York-headquartered Gemini unexpectedly made a surprising announcement to its followers and clients.
Tyler Winklevoss (co-founder and CEO) in a blog post, explained that his upstart would be introducing an in-house mobile platform tied to its flagship product — the world-renowned Gemini Exchange.
From today, users of the platform, often lauded as the major competitors of Coinbase, will be able to download the “Gemini Mobile App” on Google Play and iOS. The application, which joins similar initiatives from Binance, Poloniex, and Coinbase, will function as an ecosystem to buy and sell cryptocurrency, price alert provider, a portfolio tracker, and a pseudo-wallet.
Gemini’s newest program will also have the “Buy the Cryptoverse” feature which like Coinbase Bundle and similar vehicles, permits traders to issue basket buy/sell orders for all cryptocurrencies listed on Gemini, weighed by relative market cap.
Google Play revealed that, since the release of the app, it has been downloaded over 500 times. It remains to be seen whether the upstart’s foray into the mobile realm will garner traction from Bitcoin enthusiasts.
The news of this mobile app is coming in just days after Bitcoin Cash (BCH) got support from the U.S.-centric platform, following its mid-November hard fork.
As news concerning the launch of the project broke out, Bloomberg released a piece outlining an interview it had with the Winklevoss twins, who bought up 1% of all Bitcoin (BTC) in circulation after their multi-million dollar settlement with Mark Zuckerberg. Tyler said that: “we’re totally home in winter,” highlighting the sentiment that cryptocurrency and blockchain technologies are in the midst of a multi-month lull, which is very evident in the dismal performance of BTC. Tyler, on behalf of his brother and himself, told Bloomberg: “We’re in this for the long haul… We think it’s a space that’s here to stay.”