In a big step forward for the Tezos project, the Winklevoss brothers’ Gemini exchange will be listing Tez for the first time.
This follows the whirlwind growth of the Tezos ecosystem during 2021, which has seen an explosion in the number of monthly contract calls – more than 10 million – across the network.
A contract call is when a blockchain user interacts with a smart contract through a DeFi application.
More than half of the 10 million contract calls across the mainnet have occurred in the past two months – highlighting the meteoric rise of the project.
Gemini, the brainchild of the infamous Winklevoss brothers, is the first exchange platform to successfully navigate the complex web of New York state cryptocurrency regulations in order to offer trading and custodial services.
Listing announcement??We're excited to be the first regulated platform in New York to offer trading support for Tez $XTZ, the native token of the @tezos ecosystem.
XTZ is now available for deposits, with trading to follow soon! Learn more on our blog: https://t.co/Lv6jkmLfrJ
— Gemini (@Gemini) July 21, 2021
The Gemini listing is therefore a crucial milestone for Tezos, as it opens the door for the first time to investment from residents in New York state.
This represents a critical step for Tez, as it allows for the institutional adoption of the XTZ asset by the financial powerhouse on Wall Street.
The Winklevoss twins have been long supporters of the Tezos project, and the listing of XTZ on the Gemini exchange has been highly anticipated by investors.
OKcoin – the American facing subsidy of OKEX – has also announced it will be listing Tezos through its US exchange service.
The Tezos ecosystem is one of the largest in the world, and has seen significant interest in Latin America, especially throughout the Brazilian banking industry.
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