Digital Asset Platform Gemini Now Supports Trading with ApeCoin (APE)

The team at Gemini is pleased to announce support for ApeCoin (APE).

ApeCoin or APE tokens are trading at $11.52 with a market cap of over $1.5 billion at the time of writing (according to CoinGecko data).

ApeCoin (APE) is currently available for trading on their API/FIX and ActiveTrader applications “for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.”

Gemini users can also “store APE in Gemini Custody.” If you don’t yet have a Gemini account, you can open one up here.

Gemini also mentioned:

“We are proud to support the introduction of APE as a launch partner and to be among the first U.S. exchanges to offer trading for APE. Yuga Labs, the team behind the Bored Ape Yacht Club (BAYC), an NFT project that developed into a vibrant community in the summer of 2021, has also committed to use ApeCoin in its projects.”

The digital asset firm pointed out that with the addition of APE, they now “offer trading and custody for more than 75 tokens, with an additional 15 tokens available for custody.”

With support for APE, the Gemini team is thrilled “to expand the range of tokens available on Gemini.” They believe APE will “provide value to our users as we continue to support the growth of NFT and crypto communities.”

The firm is now looking forward “to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.”

As explained in the update, ApeCoin (APE) is an ERC-20 governance token “compliant with the Ethereum network.”

Use-cases include the following:

“a) governance within the ApeCoin DAO, b) incentives to third-party developers who participate in the APE ecosystem, c) access to products and services, and d) currency within the APE ecosystem.”

ApeCoin will become the primary token “for new products and services launched by Yuga Labs, the same group that created the Bored Ape Yacht Club (BAYC) NFT project, a popular non-fungible token (NFT) project built on the Ethereum network.”

ApeCoin will also be “accepted within the Benji Bananas video game, built by Animoca Brands.”

At Gemini, they believe that community “is central to the success of our industry, and the extraordinary response to the launch of ApeCoin (APE) exemplifies that reality.” As a launch partner, they want “to continue to support the ApeCoin community with a Bored Ape Yacht Club NFT giveaway.”

Here is how to Enter:

  • Retweet their announcement by March 21 at 11:59pm ET

Eligibility:

  • You must “have Gemini and Nifty Gateway accounts that are linked together — new and existing Gemini users are eligible”
  • Ensure you “have a bank account linked to Gemini or Nifty Gateway”
  • Make sure that “you acknowledge and agree to the Official Rules”
  • One winner ‘will be randomly selected on March 22, 2022″

Winner Requirements:

  • Winner “must have verified Gemini and Nifty Gateway accounts; these accounts must be linked – new and existing customers are eligible”
  • Complete Gemini onboarding “and link a bank account”
  • Winner will be “responsible for all taxes associated with the prize”
  • Prior to receiving the award, the winner “must provide a Form W-9 certifying U.S. tax status with a valid Name/TIN combination so the required tax reporting (Form 1099-MISC) can be issued to report the fair market value of the prize at the time of award.”
  • Form 1099-MISC reporting “will be issued to the winner in January, 2023.”

For more details on this offer, check here.

Sponsored
Sponsored Links by DQ Promote

 

 

Send this to a friend