Digital asset firm Gemini says it’s pleased to announce support for Cosmos (ATOM), adding a new blockchain to Gemini’s growing list of supported networks.
ATOM is now “available for deposits on Gemini.”
Trading for ATOM will follow, “opening first on our API/FIX and ActiveTrader applications for the USD trading pair.” It will then “become available on the Gemini Mobile App and website on a rolling basis for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.”
You may monitor Gemini’s Twitter account @Gemini “for real-time updates as ATOM becomes available for trading.”
Adding Cosmos to their list of supported networks is “another important milestone on our journey to expand access to the vast crypto ecosystem.”
Cosmos is “a proof-of-stake, multi-chain blockchain intended to facilitate data transfer among other blockchains.” The network operates via a “hub and spoke” model where independent blockchains (“Zones”) interact with a single chain (“Hub”).
This system can “enable near-instant transfers between multiple blockchains without the need for a central party such as an exchange.” ATOM is “the native token on the Cosmos network, used for staking, transaction payments, and governance voting.”
With the addition of Cosmos, Gemini is now “compatible with 12 blockchain networks, including: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), Bitcoin Cash (BCH), Polkadot (DOT), Avalanche (AVAX), Zcash (ZEC), Filecoin (FIL), Dogecoin (DOGE), and Tezos (XTZ).”
Gemini reportedly “supports more than 120 tokens.”
Gemini says it looks forward “to supporting new crypto projects on [their] mission to unlock the next era of financial, creative, and personal freedom.”
In other recent news impacting Gemini, the Securities and Exchange Commission has filed an enforcement action against Gemini as well as Genesis – part of the Digital Currency Group (DCG). The SEC alleges the offering and sale of unregistered securities by the Gemini Earn program – which was powered by Genesis.
It has also been reported that Cameron Winklevoss, co-founder of the Gemini, has criticized DCG and its CEO and founder Barry Silbert for its actions involving the Earn program, which has been halted for months.