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Cryptocurrency Exchange Gemini Adds Support for Seven New DeFi Tokens

The New York-based cryptocurrency exchange Gemini has listed seven new tokens from the decentralized finance (DeFi) market. According to the official announcement by Gemini on Friday, September 25, 2020, the Winklevoss brothers-owned digital currency exchange has announced both the trading as well as custodial support for these seven DeFi tokens.

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Gemini adds more tokens

As per the official announcement, the newly-listed seven decentralized finance tokens include Curve (CRV), Balancer (BAL), Synthetix Network (SNX), Ren Network (REN), Uniswap (UNI), Yearn.finance (YFI), and Uma (UMA). These tokens are supported for custody as well as trading on the platform of the Gemini exchange.

Furthermore, the exchange has added trading support for five additional tokens that are already available on the platform for custody. These five tokens include Kyber Network (KNC), Decentraland (MANA), Storj (STORJ), 0x (ZRX), and Maker (MKR).

Deposits have already been started at 8 am ET today for these coins. However, the cryptocurrency exchange said that the trading will begin at 11 am ET. Users of the exchange can now access these DeFi tokens on the Gemini’s platform.

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Apart from this, the crypto exchange has said to add custodial support for three more digital currencies including tBTC, Keep Network (KEEP), and Wrapped Bitcoin (wBTC). With this announcement, there are now 34 coins in total available for custody while 24 coins are available for trading on the trading platform of Gemini.

The potential of DeFi

The founders of the Gemini exchange Cameron and Tyler Winklevoss are of the view that the decentralized finance industry provides a great opportunity and independence to all of us. They said that they have a belief in the potential of decentralized finance:

“We believe in the potential of DeFi and are here to help usher in this next wave of growth and financial innovation for the world. DeFi promises greater choice, independence, and opportunity for all.”

The company has said in the announcement that it is looking forward to bringing you more mission-oriented cryptocurrency projects in the future.

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MubaShar Nawaz

MubaShar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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