Crypto exchange platform Gemini has announced support for seven additional decentralized finance (DeFi) tokens. The newly-added tokens include Balancer (BAL) Curve (CRV), Yearn.finance (YFI), Uma (UMA), Ren Network (REN), Synthetix Network (SNX), and Uniswap (UNI).
According to Gemini’s announcement, the seven DeFi tokens will now be supported for trading and custody by the exchange platform.
In addition, Gemini is adding trading support for five more tokens, including Decentraland (MANA), Kyber Network (KNC), Maker (MKR), Storj (STORJ), and 0x (ZRX). Before now, the tokens were only supported for custody.
Furthermore, the announcement revealed that Gemini will now support three new tokens for custody. The new tokens on the exchange platform include Keep Network (KEEP), Wrapped Bitcoin (wBTC), and tBTC (tBTC).
In the announcement posted on the 25th of September, Gemini noted that the exchange platform also offers trading and custody support for a total of 24 cryptos. However, Gemini only offers custody support to ten cryptocurrencies.
Gemini has declared itself as the first regulated platform to offer trading and custody support in the State of New York for some selected tokens. As highlighted in the announcement, the tokens are BAL, CRV, KNC, REN, SNX, STORJ, UMA, UNI, YFI, and ZRX.
The founders of Gemini, Cameron and Tyler Winklevoss, commented on the recent development:
“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.”
Image Credits: Pixabay
