Avalanche of Wins With OpenSea Integration, As Gemini Lists AVAX

Gemini has announced that the AVAX token, the native token to the Avalanche blockchain, is now tradeable on the exchange. As a result of the listing, AVAX will become available to a larger audience. The AVAX deposit window will open on October 11 at 9 AM EST, and the trading window will open on October 12 at 10 AM EST. Trades in AVAX against the US dollar, British pound, Euro, Canadian dollar, Australian dollar, Hong Kong dollar, and Singapore dollar will be available on Gemini on a rolling basis.

The significance to AVAX holders amid growing Avalanche acceptance

This is great news for people who already have AVAX because it expands the pool of potential buyers. Furthermore, Avalanche has gained widespread recognition as one of the fastest smart contract platforms in the blockchain industry. In addition, it has the largest number of validators supporting its transactions of any proof-of-stake system.

Furthermore, the blockchain boasts of having among the cheapest transaction costs, little impact on the environment, and fast processing times. Therefore, any contract-enabled app that can be deployed on Avalanche will have a significant performance advantage over its competitors.

Tokenized in the form of a hard-capped digital asset, AVAX is the token that powers the Avalanche ecosystem. It serves as a means of exchange across the many Avalanche subnets and for the payment of platform fees and asset staking. The announcement of Gemini’s listing follows NFT marketplace OpenSea’s addition of support for Avalanche, increasing the total number of supported blockchains to seven.

Due to OpenSea’s backing, users can now list and trade Avalanche-based NFTs on the platform. In addition to NFTrade and other NFT marketplaces on the blockchain, like Joepegs and Kalao, the largest NFT marketplace in the world, OpenSea, will run on the blockchain, with additional collections likely to come soon.