The Winklevoss brothers obtain a fifth patent for exchange-traded products using cryptocurrencies the US Patent and Trademark Office (USPTO) expressed Tuesday, reported Cointelegraph on May 9.
The patent application that was initially filed near the end of 2017 explains “systems, methods, and program products” for cryptocurrency asset trading.
That is another successful move made by the twins Winklevoss as they gained a patent to enhance the security of digital transactions at the beginning of April 2018.
The patent application stated,
“The present invention generally relates to systems, methods, and program products for use with exchange traded products (‘ETPs’) holding digital assets and other products and/or services related to ETPs holding digital assets.”
Last year, the twin brothers failed to launch a regulated Bitcoin exchange-traded fund (ETF), as the US Securities and Exchange Commission (SEC) rejected their patent application.
Similar moves have been made by Wall Street firms such as NYSE owner that announced that it was developing an online Bitcoin trading platform yesterday.
Goldman Sachs is also creating a Bitcoin trading platform and is convinced that other Wall Street banks will follow its initiative.