Gemini has announced the launch of its self-custody wallet and onchain trading platform, preparing for a potential public market debut.
Launch of Passkey-Based Wallet
Gemini has introduced a new self-custody wallet that employs passkey-based onboarding, eliminating the need for conventional recovery phrases. This wallet can be used across various platforms and embedded in decentralized applications.
Onchain Dashboard and Expanded Features
The company also unveiled the Gemini Onchain Dashboard, offering a web interface for token trading and decentralized app access. Users can place funds in yield-generating vaults where permitted, providing more options for growing crypto assets.
Incentives and Partnerships for User Adoption
To attract new users, Gemini is covering initial gas fees and offering free Ethereum Name Service subdomain names. The company collaborates with networks such as Arbitrum and Polygon to expand its capabilities.
Gemini's strategic moves to launch a new wallet and trading platform highlight its intent to strengthen its market position ahead of its public listing, focusing on bridging centralized and decentralized finance.
