Gemini plans to list three more assets: Chainlink, Orchid and Dai

Gemini has announced plans to add trading support for three more digital assets: Chainlink, Orchid, and Dai. According to the blog post, the Winklevoss-owned exchange will start accepting customer deposits on Apr. 24, and trading will launch “soon thereafter.” The announcement comes a few days after the Winklevoss-owned crypto exchange said it plans to support for Brave browser’s BAT token. This week’s listing spree will eventually give Gemini customers access to six different assets (eight excluding stablecoins GUSD and DAI).

Why it matters:

• As we’ve previously mentioned, Gemini is more conservative than most other US-based exchanges when it comes to listing new assets. Up until these recent announcements, the exchange only supported six total assets, one of which is Gemini Dollar (GUSD) stablecoin. Of note, Gemini’s custody arm already supports all of the new coins it plans to list. There’s a good chance any future listings would come directly from Gemini Custody’s current coverage.

• Gemini added support for Dai despite already having its own stablecoin in GUSD. It’s well known that GUSD’s share of the stablecoin market has dropped significantly over the last year even as the demand for stablecoins has increased. At this point, GUSD’s market cap is less than 10% that of Dai, which both remain well behind front runners USDT and USDC.