The post XRP Utility Grows as Gemini Rolls Out Free Algo Tools, Tyler Winklevoss Says appeared on BitcoinEthereumNews.com.

While some XRP community members welcomed the initiative, others criticized the tools’ reliability and raised concerns about the Gemini founders’ past skepticism of certain cryptocurrencies. XRP attorney John Deaton tested the tools, endorsing their potential to optimize XRP holdings and foster a level playing field for retail investors. Gemini, the cryptocurrency exchange co-founded by Tyler Winklevoss, has unveiled a set of complementary algorithmic trading tools developed specifically with XRP and Bitcoin holders in mind. Arch Public, an outfit that focuses on automated crypto strategies, views these tools as a way toward a fairer investment environment. XRP In Spotlight As Gemini’s Tyler Winklevoss Makes Major Announcement Tyler Winklevoss gave confirmation on the rollout via social media and Arch Public shared the mission to have the crypto community access algorithmic trading capabilities informed by institutional standards. The tools are geared toward users of Gemini, and early adoption has centered on XRP and Bitcoin. On X, he wrote, “New free algos for the XRP army!” New free algos for the XRP army! https://t.co/n4DEg67uhB — Tyler Winklevoss (@tyler) April 16, 2025 Yet another prominent attorney within the XRP ecosystem, John E. Deaton, announced that he was using the new tools. Deaton said he opened a Gemini account and began testing Arch Public’s algorithms. According to Deaton, the tools aim to help users optimize their XRP holdings. It could potentially yield passive increases in asset value through calculated market movements. The XRP community gave swift and varied responses to the announcement. Some users were happy that free trading tools were now an option, a way forward as it were, but other users worried that it wasn’t accurate or useful. Describing the algorithms as unreliable, one social media user criticized them for performance and suggested that the tools could deceive less experienced investors. Adding to the…

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Filed under: News - @ April 17, 2025 3:24 am