Winklevoss Twins Preach Trust, More Regulation for Crypto Market
- Machines will be an even bigger market than people in future
- Investor confidence suffers after Quadriga, Mt. Gox fiascos
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Building trust is key to regaining confidence among cryptocurrency traders after the death of a prominent exchange executive prevented thousands of people from accessing their accounts, according to Tyler and Cameron Winklevoss.
The twins, who run the Gemini Trust exchange, said investors were rattled after they were unable to access Bitcoin and other cryptocurrency accounts from the Quadriga CX exchange following the December death of its chief executive officer. Quadriga CEO Gerald Cotten held the electronic keys to access the cache, sending 115,000 users scrambling for ways to get back about C$260 million ($194 million). They’re still in limbo.