Winklevoss Twins Crypto Exchange Gemini To Add LINK, DAI, and OXT Support
Winklevoss twins backed crypto exchange platform, Gemini has announced that it was adding three more crypto assets starting on April 24, the Block reports.
We're excited to announce that beginning Friday, April 24th at 9:30AM ET, you will be able to deposit the following #cryptos into your Gemini account with #trading to follow soon after!$LINK @chainlink$DAI @MakerDao$OXT @OrchidProtocol
Learn more here:https://t.co/iMzat2VUxv
— Gemini (@Gemini) April 9, 2020
According to a blog post released by the company, users of the exchange will from Friday 24 be able to trade in Chainlink (LINK), Orchid (OXT) as well as Dai (DAI).The announcement adds to the number of crypto assets supported by the platform which include Bitcoin, Ether, Litecoin, Zcash and Bitcoin Cash. The support for Dai makes it the first time the platform is supporting a stablecoin.
At the start of the week, the firm also revealed its plan to support the Basic Attention Token (BAT). The renowned exchange stated that starting from April 24 one can deposit the BAT tokens directly to their accounts while trading will kickoff thereafter.
According to the statement, the three assets will offer the customers a fresh way of interacting with the crypto ecosystem. For instance, with Dai, the platform users will have a chance to deposit all forms of ERC20 supported tokens consisting of Ether into Maker’s platform. The users will also be able to borrow from the token at 66% of the total deposit value and trade within the Gemini platform.
Dai has been on the rise since the start of this year. The Block reports that research indicates that during the first quarter of this year, the volume of stablecoins transactions rose by about 8% compared to the same period last year. The transactions hit the $90 billion mark this year.