Gemini Exchange Adds Support for DeFi, Gaming and NFT Tokens
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Gemini Exchange Adds Support for DeFi, Gaming and NFT Tokens

March 23, 2021      Jafrin Ahmed

Cryptocurrency exchange Gemini has announced the support of DeFi, gaming, NFT, and Web 3 infrastructure tokens. The exchange already added the support of seven new tokens on its platform. With the recent additions, Gemini now offers a total of 33 cryptocurrencies, with another 10 cryptocurrencies supported for custodial service.

Gemini Adds Support for Seven New Tokens

Gemini exchange’s new additions include DeFi tokens 1inch Exchange (1INCH) and Bancor (BNT), blockchain infrastructure tokens for SKALE (SKALE), The Graph (GRT), and Loopring (LRC), gaming tokens such as Enjin Coin (ENJ) and The Sandbox’s in-game SAND currency.

The exchange would be the first regulated platform to offer trading and custody support in the State of New York for SAND and 1INCH tokens.

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The Winklevoss-founded cryptocurrency exchange previously supported custody for ENJ token and has now added trading support. The other six tokens are entirely new to the exchange.

The gaming-based Enjin coin has seen a positive price performance in recent weeks amid the rise in demand for gaming-related tokens driven by the surge of NFT collectibles. The price of the token has soared by 269% in the past month. At the time of writing, the token is currently trading at $2.11.

Among such gaming token that has surged dramatically amid the NFT mania is The Sandbox’s in-game SAND currency. The currency has surged by 90% over the last 30 days. While Bancor has seen its token price rise 45% over the last 30 days.

Gemini’s Support Comes Amid DeFi and NFT Boom

With the growth of the Decentralized Finance (DeFi) sector and the increased interest in digital art and NFTs, Gemini exchange added the support of these tokens in a show for continued support.

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Earlier this week, Gemini recently revealed that it now has over $20 billion in crypto-assets under custody.

Recently, the exchange introduced its Gemini Fund Solutions, a unified platform to offer asset managers the custody, clearing, trade execution, and other capital markets services specifically designed for crypto funds.

#1Inch #BNT #DeFi #ENJ #Gemini Exchange #GRT #LRC #NFT #SAND #SKALE #Token listing
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.