Leading cryptocurrency exchange Gemini announced the addition of three DeFi tokens on its platform. Trading for PAX Gold (PAXG), Amp (AMP), and Compound (COMP) will be available on Gemini from September 15.
Gemini Co-Founder and CEO Tyler Winklevoss mentioned that accepting these tokens is a signal that the “DeFi revolution” is upon them. The crypto space is undeniably buzzing with this phenomenon as other exchanges like OKEx and Binance have embraced them.
All Set for Trading on Sept 15
Deposits were available since last week, September 11, as users prepare for the actual trading this coming Tuesday. USD trading pairs for PAXG, AMP, and COMP are offered via Gemini’s ActiveTrader™ platform and API connections.
Its recently expanded fiat options that include the Hong Kong dollar (HKD), Australian dollar (AUD), and Canadian dollar (CAD) are also supported for the abovementioned DeFi tokens on the desktop and mobile versions of the platform.
The Gemini team stated:
These assets expand the range of our platform and further our mission to empower the individual through crypto.
Gemini’s COMP token listing marks the official entry of DeFi in the City of New York, as the team has worked closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer trading and custody services for these new assets.
“We look forward to continuing to bring mission-oriented projects to you in the future,” Gemini further noted on its blog.
Winklevoss Twins: Bitcoin to the Moon
Tyler and Cameron Winklevoss, the twins behind the operations of Gemini, are known as the most prominent Bitcoin evangelists in the industry. They believe that one bitcoin would still be worth more than what it is now, reaching around $500,000.
“Bitcoin has already made significant ground on gold — going from whitepaper to over $200 billion in market capitalization in under a decade,” they indicated as they explain thoroughly how Bitcoin resolves fundamental problems seen in fiat, gold, and oil.
As the world’s economy continues to be affected by the COVID19 pandemic and the crypto market itself has experienced turmoil during the first half of 2020, the brothers stand strong on their principles that “bitcoin is ultimately the only long-term protection against inflation.”