Gemini is First to Offer DeFi Tokens and More to US and UK Via Regulated Platform

Gemini announces support for a set of six new tokens available for trading in the US and UK, the company said in an announcement. 

The company has been focusing on several key areas as it expands the digital assets it offers on its platform, including DeFi, infrastructure and tokens that support the Metaverse.

Since the platform first listed DeFi tokens last year, it has seen a steady increase of trading of DeFi tokens, irrespective of broader market activity, the company told Blockworks on June 17. 

The New York-based company is the first regulated platform in the US and UK to offer trading and custody support for tokens including the new Fantom (FTM) and Alchemix (ALCX). 

Trading and custody is available with the two new tokens mentioned above in addition to Ankr Network (ANKR) and Mirror Protocol (MIR). These four are available for trading on Gemini’s applications for trading pairs. 

“Our mission is to empower the individual through crypto, and we believe that DeFi promises greater choice, independence, and opportunity for all,” the company told Blockworks. “We believe in the potential of DeFi and want to help usher in this next wave of growth and financial innovation.” 

The company was founded in 2014 and offers custody and trading services to institutional clients and retail investors. 

With the new addition of these tokens, Gemini ups its trading and custody to a cumulative 45, with a further 13 available for custody. 

In May, Gemini announced it has more than $30 billion in cryptocurrency under custody, Blockworks previously reported. 

“As we continue to expand the range of tokens offered on our platform we are thrilled to add more DeFi, infrastructure, and data management tokens that help drive the crypto ecosystem forward and further support the scalability and utility of blockchain networks,” the company said.