Winklevoss Twins Hire Former NYSE Tech Executive as CTO of Gemini Exchange

Following an industry trend, the Winklevoss twins hired former NYSE executive Robert Cornish as Gemini exchange's first Chief Technology Officer.

On July 6, 2018, Gemini cryptocurrency exchange hired former Chief Information Officer at NYSE Robert Cornish as its first Chief Technology Officer, according to Bloomberg.

"Rob is a tremendous addition to our team. He will ensure that Gemini continues to deliver the best platform experience to our customers as possible and set the standards of excellence for the cryptocurrency industry as a whole."

Cornish will head Gemini's technology team, architecture and strategy for the new Gemini Auction and Nasdaq SMARTS Market Surveillance systems, which will enable the exchange to monitor its order books and determine settlement prices for Bitcoin Futures trading on Cboe Futures Exchange.

"Rob is globally recognized for his abilities in leading high-performing engineering teams, his expertise in exchange and matching-engine architecture, and running high-throughput platforms that are both secure and resilient."

As one of few cryptocurrency exchanges chartered by the NYDFS, Gemini is preparing to meet institutional investor demand through regulated custody services and cryptocurrency futures and ETPs.

In early May, Winklevoss IP, a company owned by the Winklevoss brothers, received approval for a patent to settle exchange-traded products holding cryptocurrencies on national securities exchanges.

Specifically, the patent outlined approval to use ETPs holding Bitcoin, Litecoin, Ripple and ether among other approved altcoins.

Gemini Trust Company became the first licensed cryptocurrency exchange to offer buying and selling services for ether and Zcash in May 2018.

With institutional investors gradually migrating towards the cryptocurrency sector, Gemini is making key hires, acquiring regulatory approval and patents to expand its asset offerings and usher in a regulated environment for cryptocurrency investing.