Digital assets firm Gemini reveals that it now supports trading with Moss Carbon and Terra, in addition to new metaverse, infrastructure, and stablecoin tokens.
As mentioned in an update shared with CI:
“Today, [the Gemini team is] delighted to announce support for a new set of green, NFT/metaverse, infrastructure, stablecoin, and payments tokens.”
As noted in the announcement, Axie Infinity (AXS), Smooth Love Potion (SLP), Terra (LUNA), Moss Carbon Credit (MCO2), TerraUSD (UST), Wrapped TON Crystal (WTON), Alchemy Pay (ACH), Illuvium (ILV), and USD Coin (USDC) are now “supported for deposits and custody on Gemini.”
The update also mentioned that trading for AXS, SLP, LUNA, MCO2, and UST will follow. WTON, ACH, ILV, and USDC will “remain only available for custody.”
Trading will first open on their API/FIX and ActiveTrader apps “for USD trading pairs.” It will then open on their Gemini Mobile App and website “on a rolling, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.”
The Gemini team confirmed:
“With the addition of these new tokens, we now offer trading and custody for more than 50 cryptos, with an additional 18 cryptos available for custody.”
The company further noted that they’re proud to be the first regulated digital currency exchange to support MCO2 and SLP “for trading in the U.S. and the first to support AXS, SLP, LUNA, MCO2, and UST for trading in the UK.”
The announcement from Gemini also noted that the cryptocurrency sector continues to grow dynamically and their listing of MCO2 “reinforces Gemini’s commitment, jump-started by our Gemini Green initiative, to raise the bar for environmental stewardship across the entire crypto industry.”
Gemini added that they’re also pleased to add new NFT/metaverse, infrastructure, stablecoin, and payments tokens as blockchain and crypto continue “to expand on a global scale.” The firm also mentioned that they’re looking forward to “supporting new crypto projects on our mission to empower you, the individual, through crypto.”
The company also cautioned that decentralized finance or DeFi “presents unique risks.” The listing of a DeFi token on Gemini “does not indicate that Gemini or any regulatory authority has endorsed the underlying project or protocol,” the company clarified.
Although some of their clients may decide to participate in the DeFi ecosystem, Gemini “makes no recommendation that they do so.”
At present, Gemini supports the Ethereum (ERC-20) version of LUNA and UST. LUNA and UST bought via Gemini may be withdrawn to Ethereum compatible wallets and “swapped to the native version of LUNA and UST using a bridge,” the announcement explained.
For additional information on these newly listed tokens and other details regarding this announcement, check here.
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