The Winklevoss twins’ cryptocurrency exchange Gemini has announced the listing of seven new decentralized finance (DeFi)-related tokens, including Uniswap’s UNI and Yearn.finance’s YFI.
In an announcement, the cryptocurrency exchange revealed it’s also adding Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA). Gemini is also adding five new cryptoassets that aren’t related to DeFi: Decentraland (MANA), Kyber Network (KNC), Maker (MKR), Storj (STORJ), and 0x (ZRX).
With these new additions, the cryptocurrency exchange now supports a total of 24 tokens for trading. It’s also adding Keep Network (KEEP), Wrapped Bitcoin (wBTC), and tBTC (tBTC) for custody, raising the number of cryptoassets supported for custody to 34.
Gemini detailed that trading on its website and mobile application will open on a rolling, token-by-token basis as liquidity builds. Notably, Gemini is offering its users in the state of New York the DeFi tokens, while rival Coinbase has blocked residents of the state form trading them on its platform.
In a post touting Gemini as a trusted onramp to the decentralized finance space, the Winklevoss twins – Tyler and Cameron – wrote:
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 … By supporting these DeFi tokens, we aim to provide you with a simple and secure way to acquire and store these tokens so you can participate in the DeFi ecosystem.
The new listings come shortly after Gemini announced that it had launched in the UK. The launch saw Gemini start supporting the British Pound (GBP) in order to provide a better/localized experience for UK residents, who are now able to buy crypto using either a GBP-based debit card or by depositing GBP into their Gemini fiat wallet via their bank.
Featured image via Pixabay.