Gemini, the cryptocurrency exchange, is adding support for three more tokens – Dai (DAI), Chainlink (LINK), and Orchid (OXT) on April 24.
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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.