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Chainlink, Golem and Three Other Tokens Added to Gemini Custody

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Mon, 10/02/2020 - 14:35
Chainlink, Golem and Three Other Tokens Added to Gemini Custody
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The Gemini cryptocurrency exchange has announced the addition of Chainlink (LINK), Golem (GNT), and some other tokens to its custody product. 

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Tapping into institutional investors 

Gemini ventured into the crowded crypto custody market with its own institutionally-oriented solution back in September. Initially, it debuted with a batch of 18 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and more exotic digital assets such as Enjin (ENJ) and Bread (BRD). 

With the introduction of five new coins, the NYDFS-regulated custodian delivered on its promise to continue expanding the list of its offerings. 

On Jan. 16, Gemini launched BMA-licensed captive insurer Nakamoto while extending the insurance coverage of its custody product to $200 mln (the largest limit for any crypto custodian). Bermuda, the third-largest insurance market in the world, was a natural fit for Nakamoto.  

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Crypto needs rules 

The Winklevoss twins' exchange caused quite a stir with its controversial 'Crypto Needs Rules' campaign but it strives to remain the industry standard when it comes to regulations. 

Gemini recently achieved a major milestone by becoming the first crypto exchange and custodian to obtain an SOC 2 Type 2 certification.  

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