The company Winklevoss IP, which belongs to the brothers Cameron and Tyler Winklevoss, received a patent for the method of calculating the exchange traded products (ETP), tied to the rate of cryptocurrency. The document is published on the website of the US Patent and Trademark Office. This is reported by Coindesk.
The new system can handle transactions with derivatives of cryptocurrencies such as bitcoin, Ethereum, Ripple, Dogecoin, as well as a number of less popular altcois, for example, BBQCoin.
It should be noted that the patent application was sent by the company in December 2017.
The issuance of a patent marks one more step towards developing tools that will allow institutional investors to interact with the crypto-currency market, the Winklewoss brothers noted.
In April, Winklevoss IP received a patent for "a system, method and software product for processing secure transactions in the cloud computing system." The solution, presumably, will be applied in the infrastructure of crypto exchange Gemini.