Winklevoss Twins Gamify Overseas Derivatives Trading Platform to Boost Demand
- The first competition will require balances of Gemini Dollars
- Exchanges such as BitMex have used leader boards for years
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The billionaire twins Tyler and Cameron Winklevoss’ Gemini is turning to a long-time crypto industry tactic to bolster usage on its derivatives exchange — daily competitions for prizes and the bragging rights that come with being listed as the most successful traders.
The Gemini Foundation will be hosting its first-ever “leader board” competition on the exchange in August. Participants will have to fund accounts with at least $250 of the Gemini Dollar stablecoin, and to maintain a similar balance during the month-long contest.