Crypto exchange and custodian Gemini has added support for seven new decentralized finance (DeFi) tokens.
These are Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA), Uniswap (UNI), and Yearn.finance (YFI), Gemini announced Friday.
“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,” said Cameron and Tyler Winklevoss, founders of Gemini. “DeFi promises greater choice, independence, and opportunity for all.”
Gemini is also adding trading support for five more tokens: Decentraland (MANA), Kyber Network (KNC), Maker (MKR), Storj (STORJ), and 0x (ZRX). These are already supported for custody.
Additionally, Gemini is supporting three new tokens for its custody service: Keep Network (KEEP), Wrapped Bitcoin (wBTC), and tBTC (tBTC).
Gemini said deposits for these tokens began at 8 am ET today, and trading will start at 11 am ET via limit orders on Gemini’s API and ActiveTrader solution. On the website and mobile applications, trading will open on a rolling, token-by-token basis as liquidity builds, said Gemini.
With today’s additions, Gemini now supports a total of 24 tokens for trading and 34 tokens for custody.
Notably, New York residents are allowed to trade in DeFi tokens on Gemini. Rival Coinbase blocks residents of the state from trading in DeFi tokens on its platform.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Gemini lists seven new DeFi tokens, including UNI and YFI written by Yogita Khatri @ https://www.theblockcrypto.com/linked/78838/gemini-lists-seven-defi-tokens-uni-yfi?utm_source=rss&utm_medium=rss September 25, 2020 Yogita Khatri