Gemini Exchange Kicks Off Trading Of New Cryptocurrencies Including DAI, LINK And BAT

By Lujan Odera
Published May 6, 2020 Updated May 6, 2020
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Image Courtesy of Reuters/Lucas Jackson

Gemini Exchange Kicks Off Trading Of New Cryptocurrencies Including DAI, LINK And BAT

By Lujan Odera
Published May 6, 2020 Updated May 6, 2020

Winklevoss owned exchange, Gemini, opens trading for four new cryptocurrencies pairs including DAI, the famed decentralized finance product. Gemini listed DAI on Tuesday, May 5, 2020 at around 12 PM ET. Basic Attention Token (BAT), decentralized oracle based token, Chainlink (LINK), and Orchid (OXT) complete the lineup on the added tokens.


After the announcement about a week ago, trading on LINK, DAI, BAT, and OXT has now been activated on the Gemini platform opening up the market for the tokens. Gemini founders and famous Bitcoin twin Billionaire, Cameron & Tyler Winklevoss took turns in welcoming the four cryptocurrencies to the exchange.

Is this the perfect time for listing?

The recent listings blend in with the massive growth in adoption each of the coins has received over the past year or so. Chainlink, a decentralized oracle service, is one of the top-performing cryptocurrencies in 2020 gaining massive adoption across blockchain projects and crypto exchanges. Over the past month alone, LINK has gained 62% dwarfing any top 30 coins on the log, including BTC.

Image: Coinstats

Tyler recently compared the developments and interactions of the Link marines, the community around Chainlink, to Bitcoin’s and Ethereum’s early days.

DAI, a stable coin by Maker Protocol, has witnessed a soar in the number of assets collateralizing the stable coin on Maker. Wrapped BTC is the latest asset users can set up as collateral and receive DAI in return. The absolute growth of DAI will be mutually beneficial to both Gemini and DAI as new market forms around the stable coin.

Orchid is a decentralized, trustless virtual private network (VPN) that allows users to browse privately shielding the IP address and location while surfing the internet. BAT is a similar fashion that provides a private browser for users and incentives for interacting with content on the browser. Gemini providing support for these tokens provides a gateway for eligible users to easily purchase and sell the tokens.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Lujan Odera
396 Articles
Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.

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