Gemini launches PAX Gold, Amp and Compound on the market

The crypto exchange Gemini will accept deposits in the form of the cryptocurrencies PAX Gold (PAXG), Amp (AMP) and Compound (COMP), with trading of the coins possible from September 15.

Accordingly, Gemini will offer currency pairs for PAXG, AMP and COMP with the US dollar from this date, which can be traded via the exchange’s ActiveTrader platform and API interface. In total, Gemini now provides custody services for 12 cryptocurrencies and 13 stablecoins.

Tyler Winklevoss, one of Gemini’s co-founders, emphasized on Twitter that the addition of PAXG, COMP and AMP underscores the trading platform’s support for DeFi projects.

In the accompanying press release, Gemini writes that the three new coins “expand the scope of our platform and bring us one step closer to our company mission of enabling retail investors to participate in the financial system through cryptocurrencies”. It is also reported that Gemini has received approval for the three new cryptos in close coordination with the New York Financial Services Authority.

Many crypto exchanges are including more and more cryptocurrencies from the decentralized finance (DeFi) sector in their trading, including well-known platforms such as Coinbase, Houbi, Poloniex, OKEx and Binance.

Despite the inclusion of DeFi cryptos, Gemini founder Winklevoss remains convinced of market leader Bitcoin and predicts that it could even climb to a price of 500,000 US dollars in the future.

 

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