Gemini Launches Smart Wallet and Onchain Trading Platform

Gemini, a well-known crypto exchange, has introduced a new self-custody wallet and an onchain trading dashboard as it works to strengthen its position in the crypto market. This comes shortly after the company quietly filed for an initial public offering (IPO) in June. Gemini’s move shows its plan to offer more tools for users in the growing world of decentralized finance (DeFi) and expand its on-chain ecosystem. Gemini Wallet Offers Easy and Secure Passkey Sign-In The new Gemini Wallet lets users sign in without a recovery phrase, which is often hard for people new to crypto. Instead, it uses passkeys: secure digital keys stored on the user’s device. This replaces traditional passwords with a safer and easier way to log in. It enables access through fingerprint recognition, facial scanning, or a device PIN, combining convenience with strong security. The wallet functions both as an embedded tool within decentralized applications and as a standalone wallet that can operate across multiple platforms. Gemini believes this easy but flexible design will help more people use blockchain services safely. Gemini Unveils Onchain DeFi Dashboard Gemini also launched the Gemini Onchain Dashboard alongside its new wallet. This is an online platform where users can trade tokens, use decentralized apps, and invest in special vaults that earn returns, where allowed. The wallet works with major decentralized finance platforms through WalletConnect. It allows cross-chain swaps with Bungee and gives access to Morpho’s Gauntlet vaults on the Arbitrum network. Security is strengthened with help from Blockaid, a company that protects against scams and fraud. Gemini said it will be paying gas fees and giving free Ethereum Name Service (ENS) subdomains to early users. This move is expected to attract users’ attention and boost wallet adoption. The wallet also works with popular networks like Arbitrum, Polygon, Optimism, and Base. Later in the year, Gemini plans to connect wallet accounts directly to exchange accounts, making it easier for users to manage and trade their assets in one place. Expanding Services to Boost Presence in Competitive Crypto Market Gemini, founded in 2014 by twins Cameron and Tyler Winklevoss , is well-known in the crypto world but still sees lower trading volumes than Coinbase and Binance. The company hopes these new services will help it grow in the competitive crypto market. In June, Gemini filed for an IPO in the United States as crypto markets began to recover. The company also entered the tokenized stock market in June, allowing customers in the EU to invest in onchain equities. More recently, the Winklevoss brothers invested in American Bitcoin Corp., a mining company linked to Eric and Donald Trump Jr. With its new wallet and trading dashboard, Gemini is aiming to give users more control over their assets while making onchain activity easier and safer. This may help the company attract more customers in the very competitive crypto market. The post Gemini Launches Smart Wallet and Onchain Trading Platform appeared first on TheCoinrise.com .

Source: The Coin Rise