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Gemini Announced Facilitating Feature For Dai, Chainlink and Orchid Trading On April 24

By Natalie Wu | April 14, 2020

The Winklevoss twins-established exchange platform Gemini is reportedly releasing facilitating features for 3 additional tokens on its platform, beginning  April 24th.

Specifically, Gemini will be rolling out support for numerous trading pairs, which includes the following coins – Dai (DAI), Chainlink (LINK), and Orchid (OXT). This feature will reportedly mean the list for supported coins for trading on the platform has been brought up to nine. 

The 3 above-mentioned tokens have been selected specifically for their proven markets and novel consumption models, with the demand that will potentially be on the rise along with the evolution from the ecosystem. 

Deposits using the 3 new tokens will be eligible for facilitating support on the platform beginning at 9:30 am ET on April 24, following the availability for trading. Current traders will reportedly be required to set up a new Ethereum deposit address if they look to use the new feature.

Dai is a US dollar-pegged, collateral-backed stablecoin developed by Maker Protocol for its decentralized finance (DeFi) platform. Chainlink functions as a connecting link between blockchain smart contracts and off-chain data and Orchid is a P2P decentralized marketplace for virtual private network (VPN) bandwidth.

Along with the 3 new tokens are previously supported major coins, including Bitcoin (BTC), Ether (ETH), Zcash (ZEC), Bitcoin Cash (BCH), Litecoin (LTC), with Gemini further adding Basic Attention Token (BAT), which can be traded on April 24th also.

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