Gemini lists seven new DeFi tokens, including UNI and YFI

Exchanges • September 25, 2020, 8:50AM EDT
UPDATED: September 25, 2020, 9:11AM EDT
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Crypto exchange and custodian Gemini has added support for seven new decentralized finance (DeFi) tokens.

These are Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA), Uniswap (UNI), and Yearn.finance (YFI), Gemini announced Friday.

"We believe in the potential of DeFi and are here to help usher in this next wave of growth and financial innovation for the world," said Cameron and Tyler Winklevoss, founders of Gemini. "DeFi promises greater choice, independence, and opportunity for all."

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Gemini is also adding trading support for five more tokens: Decentraland (MANA), Kyber Network (KNC), Maker (MKR), Storj (STORJ), and 0x (ZRX). These are already supported for custody.

Additionally, Gemini is supporting three new tokens for its custody service: Keep Network (KEEP), Wrapped Bitcoin (wBTC), and tBTC (tBTC).

Gemini said deposits for these tokens began at 8 am ET today, and trading will start at 11 am ET via limit orders on Gemini's API and ActiveTrader solution. On the website and mobile applications, trading will open on a rolling, token-by-token basis as liquidity builds, said Gemini.

With today's additions, Gemini now supports a total of 24 tokens for trading and 34 tokens for custody.

Notably, New York residents are allowed to trade in DeFi tokens on Gemini. Rival Coinbase blocks residents of the state from trading in DeFi tokens on its platform.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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