Virtual Commodity Association announces its first members

On August 20, the Virtual Commodity Association, a group founded by Cameron and Tyler Winklevoss of Gemini Trust Co., announced its first members: Bittrex Inc.; bitFlyer USA, Inc., a unit of Japan’s bitFlyer Inc.; Bitstamp, Inc. and Gemini.

Representatives from the firms will meet in September to begin setting goals for the association, including rules for the marketplaces and guidelines for members.

Through the Virtual Commodity Association, known as VCA, members can share practices and methods with an eye toward cleaning up the industry and protecting customers.