Gemini Custody Adds support for 5 Alternate Cryptocurrencies

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Tyler Winklevoss announced on twitter of Gemini Custody, adding support for five more Altcoins, also known as Alternative cryptocurrencies.
  • Gemini currently supports 23 different types of digital assets and keeps adding with time.
  • Gemini, to facilitate a secure purchase and store of Bitcoin, it developed a complex system of private keys and password-protected environments.

Gemini custody is a fiduciary and qualified custodian based in New York city to custody crypto assets. It is regularly audited and subject to the compliance standards of a traditional financial institution and capital reserve requirements.

Gemini was founded by Winklevoss twins in 2014 that allows customers to store their digital assets. Gemini currently supports 23 different types of digital assets and keeps adding with time.

Gemini Introduced Custody

Gemini’s custody is a part of Gemini Trust Company LLC, which is a digital currency exchange. Its aim is to enable users to trade cryptocurrency and flat Bills on an open market.

Gemini Custody has a flexible pricing and zero price setup with no minimum to start with and the benefit of $200 million in insurance coverage for luring the user into the cryptocurrency ecosystem. It is a user-friendly custody solution with 24/7 customer care support.

Gemini Custody Added New Cryptocurrencies

The digital assets it lets user store digital assets varies from cryptocurrency like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and ZCash (ZEC) to ERC-20 tokens including BAT (BAT), Dai (DAI), Maker (MKR), Bread (BRD), Decentraland (MANA), Enjincoin (ENJ) and many more to come.

With these many digital assets under its panel, the founder of Gemini Custody Tyler Winklevoss announced on twitter of Gemini Custody, adding support for five more Altcoins, also known as Alternative cryptocurrencies.

The Altcoins it is adding are Golem (GNT), Chainlink (LINK), Numeraire (NMR), Orchid OXT, and Storj (STORJ). This addition makes the platform provides now support for more than a dozen ERC-20 tokens.

Gemini Custody Security

Since its launch, it has been adding support for more digital assets, with time starting with 18 cryptocurrencies and its attractive insurance coverage of $200 million, which is a good marketing strategy.

It claims to have developed customizable security and governance controls, such as multi-user approval processes that users can personalize according to their organizational needs.

In terms of security, it does not make any compromises and let users register a hardware security token or have biometrics as a two-factor authentication method for your account.

Gemini, to facilitate a secure purchase and store of Bitcoin, it developed a complex system of private keys and password-protected environments. To Minimize the risk of loss from hacking, only a small percentage of a bitcoin exchange is held online.

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