Gemini Rising: Winklevii Snare Cornish As Wall Street March to Crypto Continues - Bitsonline

Gemini Rising: Winklevii Snare Cornish As Wall Street March to Crypto Continues

New York’s Gemini Trust will welcome Robert Cornish this month as its first chief technology officer. Cornish is a former Wall Street executive, and says he’s very excited about making the shift.

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Some Big Things in Store for Gemini

Gemini was founded by tech entrepreneurs Tyler and Cameron Winklevoss, the twins we were introduced to in ‘The Social Network’. Based in New York, the company recently got state approval to offer both litecoin and bitcoin cash trading and custody, and was the first New York exchange to receive a license to trade Zcash.

Cornish previously served as the New York Stock Exchange’s (NYSE) chief information officer, a role that required him to monitor the Big Board’s consistent electronic trading overhauls. He was also chief information security officer and chief technology officer of the International Securities Exchange. He was once named a ‘Trading Technology Top 40’ financial services executive by Institutional Investor. He will take over Gemini’s technology initiatives at the end of July. Per Tyler:

“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.”

He’s Certainly Not the First

Cornish is just the latest Wall Street stalwart to make the transition to the crypto space. Other recent executive moves include former Goldman Sachs executive Richard Kim, who became the COO of Mike Novogratz’s Galaxy Digital earlier this year; and Michael Bucella (also from Goldman), who later joined the BlockTower Capital team. BlockTower was co-founded by former vice-president of Goldman Sachs Matt Goetz.

“As the crypto market matures, we feel it is going to look and feel like existing, mature markets like equities, FX and derivates,” explains Gemini president Cameron Winklevoss, who believes the arena is earning more and more legitimacy every day.

Gemini New York

What Will Cornish Do?

Cornish’s duties will include overseeing Gemini’s technology team, strategy, and architecture. He will also take over the deployment of NASDAQ’s SMARTS market surveillance technology, which allows for total transparency of all Gemini transactions. He will handle the company’s Gemini Auctions software, which determines the settlement prices for bitcoin futures contracts on the CBOE.

Tyler further commented:

“Rob is a tremendous addition to our team. He 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.”

Will more Wall Street executives join the move toward crypto? Post your comments below.

Images via Pixabay

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