OXT, BAT, LINK, DAI Will Start Trading on Gemini in The First Week of May
- Orchi (OXT) will begin trading on May 4, while the other 3 assets will do so on May 5.
- These 4 tokens will join BTC, ETH, BCH, LTC, and ZEC to complete the list of only 9 assets that will be trading on the exchange after May 5.
Cameron Winklevoss (left) and Tyler Winklevoss, founders of the Gemini exchange, attend the 2017 Met Gala, at New York City’s Metropolitan Museum of Art. Landon Nordeman/The New York Times/Redux
Crypto exchange Gemini just announced that Orchid (OXT) will begin trading on the platform on May 4, with Basic Attention Token (BAT), Chainlink (LINK), and Dai (DAI) to follow suit a day later. In both cases, trading will commence at 12 PM ET.
Orchid (OXT)
Orchid is a decentralized virtual privacy network (VPN). It prides itself on providing a more secure internet surfing experience, masking some of your key information while your are browsing websites – information such as IP address and location.
Basic Attention Token (BAT)
BAT, on the other hand, enables the innovative advertising model built around Brave Browser. The token is used as a reward for both publishers and advertisers, as well as a means to tip favorite content creators on YouTube, Twitch, and many other platforms. The browser itself is built with one main goal in mind – privacy, providing people with a smoother browsing experience by removing annoying website ads and popups.
Chainlink (LINK)
Chainlink and its LINK provide a bridge between blockchains and the real world, securely connecting smart contract logic to external data providers. The goal of the network is to solve the inherent encapsulated nature of blockchains, connecting them with off-chain information, allowing for more versatile applications of the technology.
Dai (DAI)
Being the first decentralized crypto-backed stablecoin, Dai is at the forefront of cryptocurrency innovation. The project’s ingenious approach of pegging its Dai currency to the USD by using ETH as collateral is one of the biggest revelations when it comes to digital asset stability. Not only that, the ecosystem also allows for a completely decentralized margin trading.
These four crypto assets will join bitcoin, ethereum, bitcoin cash, litecoin, and zcash, to complete the list of only nine that will be trading on the Gemini exchange after May 5.
- An investigation from the New York Attorney General’s office has allegedly found that Gemini was aware of Genesis’ weak financial position, but still lied to investors.
- The lawsuit is looking to ban DCG, Genesis, and Gemini from the New York financial industry, seek restitutions for investments, and the return of “ill-gotten gains”.
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- Cameron Winklevoss, co-founder of crypto exchange Gemini, proposed a plan that would see Digital Currency Group pay close to $1.5 billion over the next five years.
- The Winklevoss twin said that if the “final offer” is not accepted by the end of the week, Gemini would file a lawsuit against DCG and CEO Barry Silbert.
- Called Coinbase International Exchange (CIE), the new platform will allow institutional users outside of the U.S. to bet on the price of crypto via perpetual futures.
- The platform will not be available to retail customers “at this time”, and will initially provide trading of only BTC and ETH perpetual futures, settled in the USDC stablecoin.