Gemini, the renowned crypto ecosystem, is exploring custody support for 10+ data management, DeFi, and Metaverse tokens.
It includes names like Quant (QNT), Audius (AUDIO), Mask Network (MASK), Radicle (RAD), ASH (ASH), API3 (API3), Wrapped Centrifuge (WCFG), SuperRare (RARE), Fetch AI (FET), Numeraire (NMR), and XYO Network (XYO).
With the announcement, many traders are looking for a Gemini review to assess its functionalities. However, the Gemini team believes that the specified tokens can add value to its users. Moreover, the tokens will support DeFi, data management, the budding metaverse, and decentralized infrastructure ecosystems.
Gemini conducts a thorough assessment of every asset before listing it on the platform. The assessment involves legal and risks review as needed under its regulatory and compliance obligations. However, merely assessing these data modules does not guarantee a token’s support on the network.
The cryptocurrency exchange USA platform currently supports custody and trading of 50+ tokens. In addition, it offers custody of 18 more tokens. The platform recently released Gemini Earn in Hong Kong to enhance its portfolio.
Gemini Earn allows users to earn a daily compounded interest on cryptocurrencies. The APY can go up to 8.5%, and users can redeem the cryptocurrencies at any time. The platform does not impose any transfer fees or minimum balances to redeem the crypto.
Users can access the features both on the mobile app and the desktop version. Moreover, the venture has stablecoin compatibility, allowing Hong Kong-based users to earn interest without harsh volatility. Before the release, Gemini Earn was available in Singapore and the United States.
Users can access 42 cryptocurrencies in all supported regions. The latest quest to get custody support for tokens came quickly after the Hong Kong release. Given the stature Gemini holds, it may score a Hong Kong-based custodian for the tokens.