Trading platform is expanding its bandwidth.
The Gemini crypto exchange will in future accept deposits in the form of the cryptocurrencies PAX Gold (PAXG), Amp (AMP) and Compound (COMP), with the coins being possible to trade from September 15th
Accordingly, from this point on, Gemini will be offering currency pairs for PAXG, AMP and COMP with the US dollar, which can be traded via the ActiveTrader platform and the exchange’s API interface. In total, Gemini now provides custody services for 12 cryptocurrencies and 13 stablecoins.
Tyler Winklevoss, one of the co-founders of Bitcoin Circuit, emphasizes on Twitter that the addition of PAXG, COMP and AMP underscores the support of the trading platform for DeFi projects.
In the accompanying press release, Gemini writes that the three new coins „expand the bandwidth of our platform and bring us one step closer to our corporate mission that private investors can participate in the financial system through cryptocurrencies“. As it is also said, Gemini has received approval for the three new cryptos in close coordination with the New York Financial Services Authority.
Many crypto exchanges are adding more and more cryptocurrencies from the field of decentralized financial services (DeFi) to their trading , including well-known platforms such as Coinbase, Houbi, Poloniex, OKEx and Binance
Despite the inclusion of DeFi cryptos, Gemini founder Winklevoss is still convinced of the market leader Bitcoin and predicts that it can even climb to a market value of 500,000 US dollars in the future.