Gemini, the cryptocurrency exchange, is adding support for three more tokens – Dai (DAI), Chainlink (LINK), and Orchid (OXT) on April 24.
On April 9, it has been reported in a blog post that Gemini announced the addition of the three trading pairs, as the new additions will bring the total number of tradable tokens on Gemini’s platform up to nine.
However, Gemini has chosen these tokens in particular for their proven markets and novel consumption models, which suggest that the demand will continue to grow as the ecosystem evolves.
It has been analyzed that deposits of the new tokens will be accepted from 9:30 am ET on April 24, with trading set to follow shortly thereafter.
Existing traders will need to create a new Ethereum deposit address if they wish to deposit the newly supported tokens, as existing addresses will not be supported.
As per the report, the new additions join existing supported tokens, Bitcoin (BTC), Ether (ETH), Zcash (ZEC), Bitcoin Cash (BCH), Litecoin (LTC), and the recently announced Basic Attention Token (BAT), which will also be added on April 24.
Thus, Gemini supports another 15 cryptocurrencies on its custody service.
Source: Cointelegraph | Image: The Block Crypto
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.