- Gemini launches wallet with passkeys, cutting recovery phrase requirements.
- Onchain Dashboard offers trading, DeFi access, and yield options.
- Partnerships expand wallet reach across major blockchain networks globally.
Crypto exchange Gemini has launched a self-custody wallet alongside a new onchain trading portal as its centralized exchange volumes remain comparatively low. According to the company, the initiative focuses on improving user asset control and expanding decentralized finance access.
The Gemini Wallet uses passkey-based onboarding, so there is no recovery phrase. Users can log in with their fingerprint, face scan, or device PIN.
It is embedded in decentralized applications and also a mobile wallet for managing multi-platform assets. This flexibility is likely to attract more users to Gemini’s onchain services.
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Security Measures and Platform Integrations
The wallet is compatible with large-scale platforms due to the integration of decentralized applications via WalletConnect. It facilitates cross-chain swaps through Bungee, which allows the effective movement of assets between networks.
The security partner Blockaid offers protection against scams and fraud in transactions. Gemini underlines that the wallet’s focus is on safety and ease of use.
Trading Tools and Incentives for Adoption
Gemini has launched a web interface for token trading and decentralized application access called Gemini Onchain Dashboard. It also provides investment in yield-generating vaults where such is allowed.
Yield options are fuelled by Gauntlet vaults on Arbitrum by Morpho. The first users will have covered gas fees and free Ethereum Name Service subdomain names.
The company has collaborated with Arbitrum, Polygon, Optimism, and Base to increase its network coverage. This year, wallet-to-exchange account integration will provide a seamless trading and custody experience.
Gemini is a well-known cryptocurrency firm founded in 2014 by Cameron and Tyler Winklevoss. Nevertheless, its trading volume still lags behind that of its bigger competitors, such as Coinbase and Binance.
Gemini is also set to appeal to more people in the competitive crypto market by integrating self-custody with onchain trading capabilities.
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