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

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.

article-image

Source: Shutterstock

share

key takeaways

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

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.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (6).png

Research

In recent months, a number of highly accretive developments were implemented across the protocol to improve fee capture, expand product functionality, and ultimately drive value accrual to the RUNE token, with more upgrades on the immediate horizon. These developments include hiking the minimum swap fee parameter to increase revenue, adding a Burn System Income Lever to reduce the RUNE supply, the addition of COSM-WASM smart contracting and IBC to enable an application layer, new chain integrations, and more.

article-image

A repayment plan has officially been approved, nearly two years after FTX went bust

article-image

Coinbase filed an interlocutory appeal in its case against the SEC earlier this year

article-image

FTX “never had the crypto” to make in-kind distributions, witness says at FTX’s confirmation hearing

article-image

Lucid Ventures co-founder Meta said they don’t think Solana is “abnormal” in the VC world, where it’s “standard” for many projects to fail

article-image

Plus, Polymarket hits all-time highs in daily trading volumes

article-image

Bitcoin is now in the second half of its bull market, if the previous ones are anything to go by