Gemini Now Supports Cryptex Finance and Total Crypto Market Cap

We are thrilled to support Cryptex Finance (CTX) and Total Crypto Market Cap (TCAP).

CTX is now available for trading and custody. Trading for CTX is available on our FIX/REST APIs and our ActiveTrader™ application for USD trading pairs, as well as on our mobile application and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.

TCAP remains available for deposit and custody.

With the addition of CTX and TCAP we now offer trading for more than 45 cryptos, with a further 14 cryptos available for custody. Learn about 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 bolsters our support for DeFi applications, providing you with more options to dive into the world of crypto. We look forward to adding support for new crypto tokens and projects as we continue on our mission to empower you, the individual, through crypto.

Onward and Upward!

Team Gemini

Note: DeFi presents unique risks. The listing of a DeFi token on Gemini does not indicate that Gemini or any regulatory authority has endorsed the underlying project or protocol. While some of our customers may choose to participate in the DeFi ecosystem, Gemini makes no recommendation that they do so.

Updated: July 15, 2021

Learn more about these new tokens below:

Cryptex Finance (CTX)

CTX is an ERC-20 utility and governance token with various use cases within the Cryptex protocol. CTX token holders can vote on upgrades and management of the Cryptex treasury as well as create proposals and vote on said proposals, such as continued incentives for product development and other solutions to advance the Cryptex decentralized autonomous organization (DAO). Cryptex Finance is an Ethereum-based protocol that lets investors, traders, funds, and DeFi users get exposure to the total crypto market capitalization. Through smart-contract implementations, the protocol leverages over-collateralization schemes and blockchain oracles to create a synthetic asset called TCAP that tracks the market cap of cryptocurrencies and tokens listed on the largest 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 that may leave TCAP vaults under-collateralized. You can see the CTX price and more information by following the link.

Total Crypto Market Cap

TCAP is an ERC-20 synthetic token created by Cryptex Finance. The TCAP tokenization process starts with querying the median total market capitalization value from oracles and dividing it by 10 billion. For example, if the total market cap of the crypto market is $2 trillion, the unit price of TCAP will be $200. Cryptex Finance is an Ethereum-based protocol that lets investors, traders, funds, and DeFi users get exposure to the total crypto market capitalization. Through smart-contract implementations, the protocol leverages over-collateralization schemes and blockchain oracles to create TCAP that tracks the market cap of cryptocurrencies and tokens listed on the largest 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 crypto market capitalization. TCAP holders cannot govern the Cryptex protocol; that role is undertaken by Cryptex’s native token CTX. You can see the TCAP price and more information by following the link.