{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Gemini+to+overtake+Binance+as+the+leading+crypto+exchange%3F&text=Cameron+Winklevoss+of+Gemini+cryptocurrency+exchange+has+commented+on+the+future+of+the+exchange%2C+hoping+to+win+the+long+game.&text=Cameron+Winklevoss%2C+co-founder+of+Gemini+%3Ca+title%3D%22Crypto+Trader+Review%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecryptocurrency%3C%2Fa%3E+exchange%2C+has+said+that+he+predicts+the+company+will+overtake+the+world%27s+current+largest+cryptocurrency+in+time.+Winklevoss+sees+Gemini+overtaking+Binance+in+terms+of+volume+by+focusing+on+the+long+game+and+ensuring+regulation+and+compliance+is+up+to+standard+as+regulators+tighten+restrictions+on+platforms.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+a+%3Ca+href%3D%22https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-07-12%2Fcoinbase-kraken-and-gemini-play-by-the-rules-to-beat-binance%22%3EBloomberg+report%3C%2Fa%3E%2C+the+Winklevoss+twin+noted+how+important+he+and+the+company+see+legal+practices%2C+and+staying+compliant+with+regulations%2C+saying+that+Gemini+is+in+it+for+the+%3Cem%3E%22long+game%22.+%3C%2Fem%3ERather+than+rushing%2C+Gemini+is+looking+to+take+things+slowly%2C+which+they%27re+hoping+will+%22%3Cem%3Epay+off+over+time%3C%2Fem%3E%22.+As+per+Winklevoss%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%E2%80%9C%3Cem%3EWe%E2%80%99re+trying+to+be+the+fastest+tortoise+in+the+race.+The+long+game+pays+off+over+time.%3C%2Fem%3E%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AThis+comes+as+Binance+in+particular+faces+regulatory+pressure+in+the+market%2C+with+the+United+Kingdom%27s+Financial+Conduct+Authority+%28FCA%29+stepping+in+and+cracking+down+on+the+platform.+The+FCA+stated+in+June+that+Binance+was+not+in+compliance+and+was+not+authorised+to+carry+out+activities+in+the+country.+Following+this+announcement%2C+banks+across+the+country+cut+ties+with+the+exchange+and+derailed+customer+activity+with+the+platform.%0A%3Ch2%3EIs+crypto+becoming+too+regulated%3F%3C%2Fh2%3E%0AWhile+regulation+is+important+to+have+in+place+to+monitor+possible+economic+and+illicit+activity+such+as+money+laundering%2C+the+space+by+nature+is+designed+to+be+decentralised.+With+more+regulation%2C+the+space+falls+into+central+governance%2C+which+could+dismantle+the+main+aim+of+the+industry.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AJohn+Griffin%2C+a+professor+of+finance+at+the+University+of+Texas+at+Austin%E2%80%99s+McCombs+School+of+Business+commented+on+the+need+for+regulation+in+the+market%2C+saying%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%22%3Cem%3EThe+Catch-22+is+that+the+crypto+system+was+set+up+to+avoid+big+banks.+%5BBut%5D+rather+than+having+this+autonomous+universe+free+of+government+regulation%2C+we+have+%3Ca+title%3D%22Top+Crypto+Exchanges%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fexchanges%2Fbest%2F%22+data-replaced%3D%22true%22%3Ecrypto+exchanges%3C%2Fa%3E+playing+the+role+that+traditional+exchanges+and+governments+play+in+traditional+markets.%E2%80%9D%3C%2Fem%3E","timeout":15}