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Gemini accepts deposits in PAX Gold, Amp and Compound

September 13, 2020

The cryptocurrency exchange Gemini will accept deposits in PAX Gold (PAXG), Amp (AMP) and Compound (COMP) and trading will begin on September 15th.

Gemini will offer US dollar trading pairs for PAXG, AMP and COMP through its ActiveTrader platform and API connections. The exchange also provides custody and trading support for 12 cryptos and custody for 13 cryptos.

Twin Co-Founder Tyler Winklevoss tweeted that the addition of PAXG, COMP and AMP shows the exchange’s commitment to DeFi.

Gemini accepts deposits in PAX Gold, Amp and CompoundGemini accepts deposits in PAX Gold, Amp and Compound

Gemini said in his statement that the three assets “expand the reach of our platform and advance our mission of empowering individuals through cryptocurrencies”.. The exchange said it worked closely with the New York State Treasury Department to get approval to offer services on new assets.

Many major exchanges have started listing popular DeFi tokens. Coinbase, Houbi, Poloniex, OKEx and Binance have listed various DeFi projects.

Even with Gemini listing DeFi tokens, Winklevoss is still bullish on Bitcoin. He predicted that Bitcoin would hit $ 500,000.

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