Gemini Exchange Includes 4 New Cryptocurrencies


Bob Coiney

May 7, 2020

Gemini is an exchange that was founded by the Winklevoss twins in 2015 It is a Bitcoin and Ether exchange platform. The exchange is based in New York and has become one of the most sought after and respect crypto exchanges in the digital currency space. It holds the credit of being the first licensed Ether exchange in 2016.

In the latest development, Gemini which catered only these two currencies is now opens trading for 4 new crypto pairs that include:

This announcement came in last week when trading on these 4 new cryptos started on the platform. The twin founders of the platform welcomed the 4 cryptocurrencies to the exchange. The adoption of these 4 coins into the systems comes after the huge popularity of these 4 coins. Take the case of LINK which over a one year period has received a 62% upward gain or Chainlink which holds the title of top-performing currencies this year paving the way for a huge adoption rate across all the major exchanges and blockchain ventures.

DAI crypto by Maker protocol also has seen a huge surge in the number of assets it is presenting as collateral. Users can now use wrapped BTC as the latest collateral and seek DAI in exchange. The wrapped bitcoin is a new token which is backed one-to-one by Bitcoin and currently live on the Ethereum Blockchain. This project is a collaborative effort of Decentralized exchange, Kyber Network, Republic protocol and the custody company BitGo. This asset’s main intention is to bring in liquidity to the Ethereum system and now can be exchanged for DAI tokens. 

Coming to Orchid, it is a decentralized, VPN that lets users browse by protecting its IP address and location. BAT too is similar by providing private browsing for users. It also provides incentives for the user for effective interaction with the content. 

By including all the 4 major currencies in its exchange, Gemini has opened up trading opportunities for people and an easy platform for buying and selling the tokens.

Image Source – Medium