NEW YORK, April 1, 2022 /PRNewswire/ — The Index Cooperative’s flagship product, the DeFi Pulse Index (DPI), and governance token (INDEX) can now be held or traded directly on Gemini, a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy digital assets. Founded in 2014 by Cameron and Tyler Winklevoss, Gemini’s simple, innovative, and secure products are built to empower the individual.
“We are honored to partner with the Gemini team to list DPI and INDEX,” said Mike Taormina, Head of Institutional Business at the Index Coop. “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,” said Taormina. “Index investing is widely regarded as one of the simplest ways to diversify a portfolio and experience competitive performance with the broader market.”
The DeFi Pulse Index is a capitalization-weighted index that provides a cost-efficient means to gain investable access to decentralized finance (“DeFi”) as a theme. The index includes blue-chip DeFi governance tokens, covering the major decentralized exchanges, lending protocols, and other participants in the sector.
Scott Lewis, founder of DeFi Pulse, explained the DPI methodology “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 empowers tokenholders to govern Index Coop, a leading decentralized crypto community with more than $250mm in aggregate assets held across its product suite.
“Token-based governance unlocks a world of possibility and value that you can only find in Web3,” said Index Coop Head of Governance, Mel…
