Friday, June 2, 2023

Gemini Now Supports Tezos


Gemini, a privately operated cryptocurrency exchange founded in 2015 by Cameron and Tyler Winklevoss, supports Tezos.

It allows users to trade, buy, sell and store ether, bitcoin, and over 40 additional cryptocurrencies.

For casual investors and dedicated traders, Gemini offers a tiered service with various interfaces and pricing structures. The Gemini dollar has its own currency. It also features a mobile app and a payment app. Unlike most cryptocurrencies, Gemini Dollar stables tethered to the US dollar.

Coinbase and Kraken, two popular cryptocurrency exchanges, are direct competitors of Gemini.

Furthermore, Tez (XTZ) is the native currency of the Tezos ecosystem. It is one of the longest-running Proof of Stake blockchains. Also, it is one of the most exciting projects for the organization.

XTZ is now accessible for trade. At the same time, XTZ holders can receive a 2.05 percent annual percentage yield (APY) through Gemini Earn.

Gemini’s Accessibility

For USD trading pairs, Gemini’s FIX/REST APIs and ActiveTrader program are accessible. It also goes the same with the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairings.

With the inclusion of XTZ, Gemini now supports over 45 cryptos for trading. With additional 14 cryptos accessible for custody.

The firm delights to be the first regulated platform in New York to handle XTZ trading.

On the other hand, the team is excited to provide Gemini customers with access to one of the most robust crypto ecosystems. This is through adding support for XTZ. Tezos promotes innovation to further enable sustainability and scalability as crypto use grows around the world. It has a vibrant community, smart contract capabilities, and a powerful on-chain governance structure that supports on-chain updates.

It continues on its objective to empower individuals. The individual, through crypto, the Team is looking forward to introducing support for new crypto coins and initiatives.

Diving Deeper Into Tezos

Tez (XTZ) is the Tezos network’s native token. Furthermore, Tezos, a Liquid Proof of Stake blockchain network, is open-source. Tezos is a Layer 1 protocol that allows developers to build powerful applications using tools that support a wide range of programming languages, including Javascript, Golang, and Python. Game creators, central banks, music corporations, sporting franchises, NFT artists, worldwide NGOs, real estate developers, and others are all using Tezos.

With ERC-20 bridges providing low-gas cross-chain utility, yield farming protocols, and AMM platforms, Tezos’ DeFi ecosystem is growing. Its modular architecture and update mechanism reduce downtime while allowing for regular upgrades and improved functionality over time.

Tezos upgrades made feasible by the network’s proven on-chain governance, which allows for constant enhancements to be submitted by network participants, voted on, adopted, and implemented without the need for hard forks. So far, Tezos has seen six network updates aimed at cutting gas fees, strengthening token standards, speeding up operations, and more. The XTZ pricing and other information may be found by clicking on the link.

Miguel Garcia
Miguel Garcia
Miguel Garcia is a writer for Cryptoconstellation. Miguel has always been fascinated with Crypto. He has experience in Business and finance. Miguel loves sport cars and football.

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