Gemini, a prominent cryptocurrency exchange, has recently introduced a new feature that is set to revolutionize the DeFi (decentralized finance) landscape. On August 14th, the company unveiled its latest innovation – Gemini Wallet, a self-custody smart wallet that aims to simplify access to DeFi platforms and dapps (decentralized applications) while offering enhanced security and user experience.

The Gemini Wallet comes equipped with an onchain dashboard, providing users with a comprehensive overview of their assets and transactions on major Layer 2 networks. This dashboard serves as a centralized hub for managing crypto holdings and exploring various DeFi opportunities, making it easier for users to navigate the decentralized ecosystem.

One of the key highlights of the Gemini Wallet is its integration of passkey login functionality. This feature allows users to securely access their wallet using a unique passkey, enhancing the overall security of the platform and safeguarding users' funds from potential threats such as hacking or unauthorized access.

Moreover, Gemini has implemented gas-free transactions across major Layer 2 networks, which eliminates the need for users to pay gas fees when conducting transactions. This move is aimed at reducing transaction costs and improving the overall efficiency of the platform, making it more accessible to a wider range of users.

With the launch of the Gemini Wallet, the exchange is not only expanding its product offerings but also positioning itself as a leading player in the DeFi space. By providing users with a seamless and secure way to interact with decentralized applications and access various DeFi protocols, Gemini is catering to the growing demand for user-friendly solutions in the crypto industry.

Gemini's entry into the DeFi sector is a strategic move that aligns with the increasing popularity of decentralized finance and the rising adoption of blockchain technology. The company's focus on user experience and security reflects its commitment to delivering innovative solutions that cater to the evolving needs of crypto enthusiasts and investors.

In conclusion, the launch of the Gemini Wallet marks a significant milestone for the exchange as it ventures into the DeFi realm. With its advanced features, user-friendly interface, and emphasis on security, Gemini is poised to make a significant impact in the decentralized finance space and attract a broader audience of crypto users looking to explore the world of DeFi.

Source: https://news.bitcoin.com/gemini-launches-self-custody-wallet-with-passkey-tech-and-web3-integration/