It is not a secret that today mobile devices have partially replaced personal computers as almost everything can be done via convenient and powerful mobile apps. As for crypto exchanges, a number of them have been inviting their customers to use their mobile apps for a quite a long period of time.
Nevertheless, earlier users of Gemini, the crypto exchange founded by the Winklevoss twins, didn’t have such an option. But finally, the long-awaited app available for both Android and iOS users has been revealed.
Though it’s good news for the community, some people consider the timing of the app launch to be rather controversial. While the crypto market is still under the influence of the bearish trend, the demand for faster ways to buy Bitcoin is not so high as it used to be a year ago.
The announcement has been made by Gemini CEO and co-founder Tyler Winklevoss. In his blog post, he revealed that the new app could be used for purchasing and selling cryptocurrencies, tracking market prices, viewing users’ own portfolios value, setting price alerts, and for other activities related to crypto trading.
Winklevoss noted that the core goal of their company is to shape the future of money and the first step towards this goal was the launch of a licensed cryptocurrency exchange and custodian that provides their customers with safe, secure, and compliant crypto services. Nevertheless, it was noted that the creation of such a platform was just the beginning of a long way.
“The future of money is both digital and mobile, and now Gemini is too with the launch of the Gemini Mobile App!” he added.
Though the app has numerous functions, it is claimed to be very easy in use. Among the above-mentioned options that are rather traditional for crypto apps, Gemini app will provide people with an opportunity to buy all coins listed on the exchange simultaneously. This Gemini’s basket order feature is called Cryptoverse.
Thanks to the price alert feature users will be notified each time a price will move above or below a predefined price level. And the recurring buy orders feature enables traders to repeat any operations with a desired frequency and amount of funds.
Cameron Winklevoss who is Gemini President also commented their new initiative. He said:
“We’ve spent the last three years building the world’s most trusted cryptocurrency platform and today we are excited to extend it into the hands of our customers. Cryptocurrency never sleeps so it’s important for us to make it easy for our customers to engage with it wherever they are and whenever they want.”
Being a New York-based crypto exchange and custodian service Gemini offers users a possibility to trade and store several cryptocurrencies. The list of the available assets includes Bitcoin, Litecoin, Ether, Bitcoin Cash, and Zcash.
Moreover, this year, in September, Gemini launched its own stablecoin called the Gemini dollar which is backed by the US dollar. Currently, GUSD is one of the 50 major coins by market cap.