Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
As the DeFi rise continues, numerous crypto exchanges around the world are rushing to list as many popular DeFi tokens as possible. This was already seen with Binance crypto exchange, and the exchangeâs rush actually backfired after it listed SUSHI. Now, US-based Gemini has made a similar move, listing as many as 15 new tokens earlier today.
15 new coins join Gemini
According to a recent announcement, Gemini has added Uniswapâs newly-launched UNI token, as well as 14 other DeFi coins. The announcement added that the exchange believes in the potential of DeFi, and that it wishes to help usher the new wave of growth and financial innovation.
1/2 Today, we have added new support for 15âïžadditional #DeFi tokens. 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.
â Gemini (@Gemini) September 25, 2020
Apart from UNI, Gemini also listed Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA), and yearn.finance (YFI). The exchange also made available for trading some coins that were only supported for custody previously, including Decentraland (MANA), Maker (MKR), Kyber Network (KNC), Ox (ZRX), and Storj (STORJ).
Lastly, it added three new tokens which are currently only supported for custody, including Wrapped Bitcoin (wBTC), Keep Network (KEEP), and tBTC (tBTC).
In total, Gemini now allows trading and custody services for a total of 24 tokens, while 10 tokens are only supported for custody.
The move also made Gemini the first regulated platform that offers trading and custody in the State of New York for a number of DeFi, including BAL, KNC, CRV, MKR, SNX, REN, STORJ, UNI, UMA, YFI, AND ZRX.
Uniswap and yearn.finance â the stars of DeFi sector
Of all the listed coins, Uniswap is likely one of the most successful ones. Despite its very recent launch, the token became one of the most widely distributed DeFi coins.
In fact, data shows that, within only 24 hours from the moment of launch, the amount of Ethereum locked in the Uniswap protocol skyrocketed to $1.6 billion, making it the leading token of the DeFi sector. Another highly successful token that was listed is yearn.finance, a yield farming protocol, whose token YFI recently reached the price of $38,682 per coin, which is almost four times the price of BTC.
The post US-based Gemini just listed 15 DeFi tokens appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.