Cryptocurrency exchange Gemini has added support for six new decentralized finance (DeFi) tokens. Gemini now supports alchemix (ALCX), ankr network (ANKR), fantom (FTM), mirror protocol (MIR), API3 (API3), and derivaDAO (DDX) for custody with trading support coming soon. However, according to an announcement, API3 and DDX will be available only for custody.
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Initially, the exchange will open trading on its API/FIX and ActiveTrader applications for USD trading pairs. After that, the exchange will launch the newly-announced tokens on its Gemini Mobile App and website, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD and SGD pairs. With the new tokens, Gemini now offers trading and custody for a total of 45 cryptocurrencies.
Gemini's new listing comes after the exchange acquired Shard X, a developer of multi-party computation cryptographic technology, to speed up its listing process and assets transferring. Tyler Winklevoss, Co-Founder & CEO of Gemini, said that the New York-based exchange would increase the speed with which it can transfer customer assets and provide support for new asset listings with Shard X's technology. The price of the deal remains undisclosed.
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