According to the press release published on July 6, Cryptocurrency exchange Gemini Trust Company has announced that former Chief Information Officer of the New York Stock Exchange Robert Cornish has joined the company.
The cryptocurrency trading company founded by Tyler and Cameron Winklevoss has hired a top executive from the New York Stock Exchange. Robert Cornish, the NYSE’s chief information officer, will become the first CIO for Gemini Trust Company.
Cornish has previously held various senior positions at the International Securities Exchange, and was named by Institutional Investor as a “Trading Technology Top 40” Financial Services executive.
However, at Gemini, Cornish will be responsible for leading technology initiatives and monitoring the deployment of Nasdaq’s SMARTS Market Surveillance technology, which will let Gemini control all of its order books and Gemini Auctions.
As per the sources, the Chief Executive Officer of Gemini, Tyler Winklevoss, said in the statement that Cornish 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.”
As reported, this move has made Cornish jump on the wave of Wall Street executives migrating to blockchain and crypto projects. This year, former Goldman Sachs Executive Director Priyanka Lilaramani joined HOLD, a Maltese crypto startup, as a new CEO. Head of Central Europe at Fujitsu Dr. Rolf Werner joined IOTA Foundation. Last year, Crypto exchange Coinbase had appointed former PayPal and Facebook executive David Marcus to its board of directors.
The Winklevosses have become high-profile advocates for the value of bitcoin and other cryptocurrencies. And they have sought to make crypto trading more mainstream. In April, Gemini signed a deal to use Nasdaq’s technology to ensure trading activity complies with banking standards.
Their attempt to sell an exchange-traded fund based on bitcoin has yet to be approved by the Securities and Exchange Commission.
Gemini had announced in the month of April that it would begin offering crypto block trading outside of their regular order books. The Investors who are interested in trading on the Gemini Block Trading marketplace are reportedly able to purchase and sell large amounts of digital currencies. I
Gemini also partnered with the Chicago Board Options Exchange to launch Bitcoin futures, which let them bring the traditional market instruments into the crypto space in the month of December, last year.
Some investors remain concerned about the safety of cryptocurrency trading. Warren Buffett called bitcoin “rat poison squared” at Berkshire Hathaway’s annual meeting earlier this year.
However, as per the information by the sources, Cornish will start later from this month.