The cryptocurrency exchange of Gemini is based in New York. Recently they have successfully managed to add a whopping 7 new tokens to their platform. This indicates that the platform is extremely focused on the NFT booms as well as DeFi.
Gemini crypto exchange platform has made great expansions to their roster of the supported tokens in their trading today by making an addition of 7 new tokens that includes the ones with utilized cases in decentralized finance that is the Web 3 infrastructure. In addition, they also include non-fungible and gaming tokens.
Gemini Adds 7 New Tokens
The new additions made by Gemini as of 23rd March, Tuesday, include the tokens of DeFi for their 1 inch Exchange as well as the Bancor. The other tokens are The Graph, SKALE tokens of blockchain infrastructure, and Loopring. The tokens based on gaming include SAND, the in-game currency of Sandbox, and Enjin Coin.
Enjin Coin is an Ethereum based currency that has witnessed a sudden increase in its prices during the recent weeks owing to the reason that the general spike in demand towards the gaming tokens had encouraged the surge in the interest in NFT collectibles.
DappRadar has reported that they had a $342 million volume of trading in February for NFTs. Additionally, they spiked by an enormous 269% within the past 30 days, hitting $2.26.
On the other hand, Sandbox has been profiting from the collectible NFTs during the 2021 wave. The value of SAND increased by almost 90% within the past 30 days since they have sold over $3 million of digital LAND properties throughout the month of February.
Similarly, Bancor prices surged 45% in the last 30 days and the prospects of it reaching even higher cannot be disregarded.
