The Winklevoss twins remain undeterred by the current situation of cryptocurrencies, they believe big opportunities in cryptocurrency still exist.
The Gemini Trust Co., a New York-registered company, run by the twins is trying to lure investors back into the market with a new app as they look forward to 2019. Gemini is currently working on expansion plans in Asia.
The product hits the market at a low point for bitcoin, which shed almost 80% of its value this year. The Winklevoss twins said that they’re accustomed to navigating skepticism over digital assets.
“We’re totally at home in winter,” said Tyler Winklevoss in an interview with Bloomberg, “It gives us time to build internally, and refine and kind of catch our breath,” added Cameron.
Gemini is focused on bringing more users to their new app in the coming year. In addition, Gemini is also looking forward to institutional investments in the space, which according to some experts, could help in bringing back a bull market to cryptocurrencies.
“A lot of our decisions have perhaps given off a perception that we’re more institutional-based,” Cameron said. “The reality of the situation is that we have a diverse customer base. And the retail story is just beginning.”.
Expansion plans for Asia are still underway and will continue well into 2019, once set up Gemini will sit alongside some of the world’s biggest cryptocurrency companies, such as Bitfinex and Huobi.
This upcoming expansion is a testament to where the Winklevoss’ loyalties lie.