During their Featured Session at SXSW 2019, Cameron and Tyler Winklevoss, Co-founders of the cryptocurrency exchange Gemini, spoke about the start of their careers in the early days of cryptocurrencies – or as they refer to it, the "wild west of crypto."
Best known for their relationship with Mark Zuckerberg in the infancy of Facebook and the legal battle that ensued, the Winklevoss twins have since shifted their focus to the world of blockchain and cryptocurrency. After becoming early investors in bitcoin, they co-founded Gemini in 2015 which allowed users to buy, sell, and store cryptocurrencies such as Bitcoin and Ethereum. According to Cameron Winklevoss, the differentiator for their platform is trust.
On-stage at SXSW, the twins called for more regulation in the cryptocurrency markets and condemned the amount of fraud happening at present.
“In order to build the future of money, you have got to build trust. You want to have a couple of layers of checks and balances...and that is what regulation brings.” - Cameron Winklevoss
Cameron and Tyler Winklevoss believe the cryptocurrency revolution has the potential to re-architect trade, the financial system, the Internet, and the future of money as we know it, but the first step to getting there is implementing more regulation to remove bad actors and building trustworthy platforms.
Watch the full session to learn more about what's on the horizon for Gemini and the crypto industry as a whole in 2019.
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Photo by Alexa Gonzalez Wagner