Gemini Forms New Working Group With Rivaling Exchanges, But Coinbase Wasn’t Invited

US-based Gemini exchange joins forces with rivaling in order to form a working group that will focus on curbing fraudulent activities and increasing market transparency

Tue, 21/08/2018 - 13:04

Gemini Forms New Working Group With Rivaling Exchanges, But Coinbase Wasn’t Invited

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The US-based Gemini exchange, spearheaded by the Winklevoss brothers, joins forces with rivaling cryptocurrency exchanges in order to form a working group that would focus on curbing fraudulent activities and increasing transparency of the market. Remarkably enough, another crypto giant Coinbase did not appear on the list of participants.

CoinRoutes’s founder Dave Weisberger is seemingly excited about the partnership, saying that it would be a win-win solution both for individual companies and the industry as a whole. According to a Business Insider report, their first group meeting is planned for September.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.