Gemini Custody Adds Chainlink (LINK), Up 666% In Last Year, And GNT, NMR, OXT, STORJ
The Gemini crypto exchange’s custody products now support Golem (GNT), Chainlink (LINK), Numeraire (NMR), Orchid (OXT) and Storj (STORJ).
The Winklevoss twins’ company entered the crypto custody market in September last year, by offering its clients an institutionally oriented solution. In the beginning, it supported 18 cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and others more exotic including Bread (BRD) and Enjin (ENJ). By introducing the 5 new already mentioned coins, it shows that it keeps its promises when it comes to the expansion of its offerings.
Gemini Custody Allows Clients to Instantly Trade Assets
Gemini Custody is a platform that allows clients to instantly trade assets by offering them credits. Customers can have white lists set up, this way making sure their crypto holdings are withdrawn to some specific addresses and auditors are given access for confirming activity and balance. Sub-accounts can also be set up, with the levels of permission as they’re needed.
Biggest Insurance and Crypto Needs Rules Campaign
On January 16, Gemini extended the insurance coverage for its custody product to $200 million, which is the highest insurance for a crypto custodian ever. It also caused a lot of controversy with its Crypto Needs Rules Campaign, but it wants to keep their high standards as far as regulations go. At the same time, it only recently became the first crypto exchange to have a SOC 2 Type 2 certification.
Newly Added Tokens’ Prices Don’t Promise Too Much
At press time, the newly added token’s prices and market caps are as follows:
GNT at the price of $0.05 and a market cap value of $51,754,094, NMR with a price of $5.75 and $22,730,224 market cap, LINK for $3.39 and a market cap of $1,230,876,314, OXT at the price of 0.29 no market cap and STORJ at the $0,15 price and a market cap of $21,525,528.