Crypto exchange Gemini is working with regulators to list Filecoin

Cryptocurrency exchange Gemini is working with its regulators to support trading of Filecoin, the firm said in a blog post on Tuesday.

The New York-based exchange said its custody unit would support the asset to start. The launch of the cryptocurrency's main net is tentatively slated for sometime between mid-June and mid-July, as The Block reported yesterday.

"In addition to custody services, we are working closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Filecoin trading for our customers," the blog said. "We are excited to add this cryptocurrency to our platform and continue our mission — to empower the individual through crypto."

Gemini is known for taking a more conservative approach to listing new coins. It currently offers trading services for five assets, including bitcoin, ether, bitcoin cash, litecoin, and Zcash.