Gemini, a US-based crypto exchange, has announced support for SOL, the native token of Solana, an open-source cryptographic project implementing a new and high-performance permissionless blockchain.
The new development was announced by Gemini exchange via a blog post on 28th February 2022. According to the report, Solana (SOL) is now supported for deposits and can be “custodied” in a Gemini exchange’s wallet.
In a tweet, Gemini wrote, “Incoming: Solana SOL is now supported for deposits and can be custodied in a Gemini exchange wallet. Welcome SOL!
“Trading for SOL will follow, opening first on our API/FIX and ActiveTrader applications for USD trading pairs. It will then open on our Gemini Mobile App and website on a rolling, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.”
2/2 Trading for $SOL will follow, opening first on our API/FIX and ActiveTrader applications for USD trading pairs. It will then open on our Gemini Mobile App and website on a rolling, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.
— Gemini (@Gemini) February 28, 2022
According to the blog post, with the addition of Solana (SOL), the exchange now offers trading and custody of over 75 tokens, with an additional 15 tokens available for custody.
The Gemini exchange stated that it added SOL to expand the range of networks and tokens available on the trading platform. The Exchange believes that the newly supported cryptocurrency will provide value to users.
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The exchange promises to keep supporting new crypto projects on its mission to unlock the next era of financial, creative, and personal freedom.
At the time of filing this report, Solana (SOL) is trading at $98.18, with a relatively 2% price uptrend in the last 24 hours, according to CoinMarketCap.
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