Gemini Now Supports Cryptex Finance and Total Crypto Market Cap

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Today, we are excited to announce support for Cryptex Finance (CTX) and Total Crypto Market Cap (TCAP).

CTX and TCAP are now available for deposit and custody, and CTX trading will follow soon.

Trading for CTX will first open on our FIX / REST APIs and ActiveTrader applications for USD trading pairs. Trading will then open on our Gemini mobile app and website for USD, GBP, EUR, CAD, AUD, HKD and SGD pairs. Follow our @Gemini Twitter account for real-time updates as CTX becomes available for trading.

With the addition of CTX and TCAP, we now offer trading for over 45 cryptos, with another 14 cryptos available for safekeeping. Find out all the cryptos we support, and more, here.

We are proud to be the world’s first regulated platform to offer trading and custody support for CTX.

The addition of CTX and TCAP further strengthens our support for DeFi applications, giving you more options to dive into the world of crypto. We look forward to adding support for new crypto tokens and projects as we continue our mission to empower you, the individual, through crypto.

Forward and up!

Gemini team

Note: DeFi presents unique risks. Listing of a DeFi token on Gemini does not indicate that Gemini or any regulatory authority has approved the underlying project or protocol. While some of our customers may choose to participate in the DeFi ecosystem, Gemini does not recommend that they do so.

Learn more about these new tokens below:

Cryptex Finance (CTX)

CTX is an ERC-20 utility and governance token with various use cases in the Cryptex protocol. CTX token holders can vote on Cryptex upgrades and cash management, as well as create proposals and vote on such proposals, such as ongoing incentives for product development and other solutions to advance the business. decentralized autonomous organization (DAO) of Cryptex. Cryptex Finance is an Ethereum-based protocol that allows investors, traders, funds, and DeFi users to gain exposure to the full market capitalization of crypto. Through smart contract implementations, the protocol exploits over-collateralization schemes and blockchain oracles to create a synthetic asset called TCAP that tracks the market capitalization of cryptocurrencies and tokens listed on top crypto data providers. in the world. Some of these data providers include Chainlink, Coinmarketcap, Nomics, Coin Paprika, and Coin Lore. CTX tokens can also be used to compensate for black swan events which can leave TCAP chests under-guaranteed. You can see the CTX price and more information by following the link.

Total crypto market capitalization

TCAP is a synthetic ERC-20 token created by Cryptex Finance. The TCAP tokenization process begins by querying the median value of the total market capitalization of oracles and dividing it by 10 billion. For example, if the total market cap of the crypto market is $ 2,000 billion, the unit price of TCAP will be $ 200. Cryptex Finance is an Ethereum-based protocol that allows investors, traders, funds, and DeFi users to gain exposure to the full market capitalization of crypto. Through smart contract implementations, the protocol leverages over-collateralization schemes and blockchain oracles to create a TCAP that tracks the market capitalization of cryptocurrencies and tokens listed on top crypto data providers. in the world. Some of these data providers include Chainlink, Coinmarketcap, Nomics, Coin Paprika, and Coin Lore. The sole purpose of this token is to mimic the performance of the total market capitalization of crypto. TCAP holders cannot govern the Cryptex protocol; this role is assumed by the native token of Cryptex CTX. You can see the price of TCAP and more information by following the link.

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