Gemini lists flagship Index Coop products

Gemini cryptocurrency exchange listed the DeFi Pulse Index (DPI) and governance token (INDEX) of the Index Cooperative, its two flagship products, Invezz learned from a press release. They can now be traded or held on the regulated exchange.

DPI offers a cost-efficient means to access DeFi

The DeFi Pulse Index is a cost-effective capitalization-weighted index that offers investable access to DeFi as a theme. Among its constituents are blue-chip DeFi governance tokens, which cover the leading lending protocols, major decentralized exchanges, and other participants in the sector.

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Gemini is a wallet and custodian with secure and innovative products that makes buying digital assets safe and simple. It was founded in 2014 by Cameron and Tyler Winklevoss.

Mike Taormina, Head of Institutional Business at the Index Cooperative, said:

We are honored to partner with the Gemini team to list DPI and INDEX. We share Gemini’s purpose to provide simple and secure ways to empower people to invest in blockchain products. The inclusion of DPI and INDEX on the Gemini platform helps Index Cooperative to realize its mission to build decentralized financial products that unlock prosperity for everyone. Index investing is widely regarded as one of the simplest ways to diversify a portfolio and experience competitive performance with the broader market.

Scott Lewis, founder of DeFi Pulse, stated:

The DPI gives users a unique way to get diversification and quality in their holdings without needing to research every single DeFi protocol. DPI’s listing on Gemini opens that up to the broadest set of users yet and allows more people to buy into DeFi efficiently.

Index Coop Head of Governance Mel Oxenreider added:

Token-based governance unlocks a world of possibility and value that you can only find in Web3. Product builders and community can decide on organizational strategy – everything from protocol upgrades and product launches to influencing broader ecosystem strategies – all powered by the INDEX governance token.

INDEX token use case

The INDEX token allows its holders to govern Index Coop, a prominent, decentralized crypto community with over $250 million in aggregate assets, which builds simple, yet powerful index products. It was ranked among the 50 most promising blockchain and crypto companies in the world by CB Insights this year.