- Gemini expands the list of DeFi tokens available on the platform.
- The cryptocurrency exchange emphasized that it is in line with its vision.
The US-based cryptocurrency exchange Gemini goes all in DeFi mania. On Friday, the Winklevoss twins' trading platform announced the support for a bunch of DeFi tokens.
Seven new tokens - Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA), Uniswap (UNI), and Yearn.finance (YFI)- will be added to the list of the available instruments on the platform for both trading and custody purposes.
Apart from that, the platform will allow users to trade Decentraland (MANA), Kyber Network (KNC), Maker (MKR), Storj (STORJ), and 0x (ZRX), which are currently available only for custody.
All in all, the platform adds ten new tokens and unlocks trading features for Keep Network (KEEP), Wrapped Bitcoin (wBTC), and tBTC (tBTC). These three tokens are currently available only for custody purposes.
With these new token additions, we now offer trading and custody support for a total of 24 cryptos and custody support for another ten cryptos. We are proud to be the first regulated platform to offer trading and custody support in the State of New York for the following tokens: BAL, CRV, KNC, MKR, REN, SNX, STORJ, UMA, UNI, YFI, and ZRX, the company wrote in the press release.
Deposits are open at 8 am ET, while trading features will be unlocked at 11 am ET on ActiveTrader™ and via Gemini's API.
The company underlined that the ideas behind the Decentralized Finance (DeFi) revolution align with its vision as it creates choice and opportunities. Other major cryptocurrency exchanges, including Binance and Coinbase, have also been diving into a lucrative DeFi market.
In August, Gemini obtained the UK Financial Service Authority's license and registered the branch in the country.
Gemini got the highest AA rating for legal compliance, the security, and the quality of the listed digital assets. The rating is compiled by CryptoCompare.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.