United States, July 25, 2021 /AlexaBlockchain/ – Two leading crypto currency exchanges in the the U.S. – Gemini and Okcoin – has announced to list XTZ, the native token of Tezos blockchain, on their respective trading platforms.
The listing comes at a time when the demand for Tezos blockchain is growing exponentially and its native token continues to grow its footprint across the globe. Gemini is the first regulated US exchange to list XTZ, allowing millions of blockchain enthusiasts from the New York to buy and trade Tezos.
Tezos is an open-source blockchain platform that is leading the decentralized space in terms of speed, price, energy efficiency, and scalability compared to some of the world’s largest blockchain platforms, such as Ethereum.
Gemini To List Tezos (XTZ)
Gemini is a regulated cryptocurrency exchange, wallet, and custodian which allow users to buy bitcoin, ether, and other cryptocurrencies. Gemini will list Tezos in the United States.
Gemini’s owners (The Winklevoss Twins) have been staunch supporters of Tezos project from the beginning; however, XTZ was still missing from their trading platform. Now, the wait is over and Tezos will be listed in the platform in both the exchange and the custody sections.
The Gemini listing will also mark the first time tez will be available to residents in New York state. Gemini is the first regulated platform in New York to offer trading and custody support for XTZ.
It is likely that Gemini being based in New York could have impacted timescales on a listing, as rules and regulations about cryptocurrencies are tighter.
Crucially, this listing on Gemini for both trading and custody means large institutions in New York can now hold XTZ as an asset.
“With support for XTZ, we are delighted to provide Gemini users with access to one of the most vibrant crypto ecosystems. With a dynamic community, smart contract functionality, and a robust on-chain governance mechanism that enables on-chain upgrades, Tezos prioritizes innovation to further enable sustainability and scalability as crypto adoption growth continues across the globe,” Gemini stated.
Okcoin To List Tezos (XTZ)
Another digital asset exchange Okcoin has also announed to list Tezos on its platform. Okcoin is the US subsidiary of OkEX, which is one of the largest cryptocurrency exchanges by volume.
Tezos Continues Massive Growth
The number of new projects deployed on Tezos has witnessed massive growth since January 2021. In fact, Tezos is now amongst one of the fastest growing platform with each new month witnessing widespread usage of the blockchain.
According to data on Better Call Dev (BCD), the number of smart contract calls made on the Tezos blockchain for June 2021 reached 2,168,330 from a meagre 141,817 in December 2020. This represents a massive growth of 1429% in the first six months of 2021.
The listing of Tezos on these two leading digital asset exchanges in the U.S. now opens up new opportunity for investment by US-based crypto enthusiasts and large-scale investors alike, both of which now have much easier accessibility to the XTZ token. As the two leading U.S. exchanges list XTZ, it would pave the for institutional adoption of the XTZ asset by the financial powerhouse on Wall Street.