Gemini officially confirmed that it will add XRP to its free trading algorithm selection to provide users with a new way to generate passive returns.
The announcement expands the options for automated crypto trading that run alongside Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). According to Gemini, these algorithms provide users with the opportunity to earn cash yields and accumulate more XRP with minimal effort.
XRP has been added to the Argo lineup.
It now runs alongside BTC, SOL and ETH, generating cash yields and stacking more XRP.
Set it up and let it cook pic.twitter.com/tycpo4dsmw
– Gemini (@gemini) April 17, 2025
Partnership with Arch Public
In particular, the new trading algorithm is powered by Arch Public, a crypto company specializing in algorithm automation. These tools are designed to make it easy for users to invest in crypto assets without the need to actively manage their portfolio.
It is important to note that Gemini co-founder Tyler Winklevoss also shared confirmations of the launch of the algorithm that received significant backlash.
His announcement came shortly after John E. Deaton, a prominent lawyer known for his involvement in the XRP community. It was revealed He opened a Gemini account to take advantage of the new tools.
Deaton's involvement sparked doubt. Deaton, known for his strong presence in the XRP community, confirmed that he is experimenting with a new algorithm. However, despite his support, some community members It remained importantclaims his account suffered from exploits.
Controversy and reaction from the XRP community
In particular, the initiative is based on multiple campaigns from Gemini around XRP, and has welcomed the addition of XRP to its free algorithm lineup since it first listed assets in August 2023, but the response from the XRP community has been far from unanimous.
Several longtime XRP holders have expressed doubts about the effectiveness of the new tool. Some criticized the algorithm as inaccurate and argued that tools might not be able to meet their promises of generating reliable cash yields.
This skepticism was further amplified by the reaction Tyler Winclevos' announcement. Some community members questioned the credibility of the post, suggesting that Winklevoss accounts may have been hacked.
As the news spread, Cameron Winklevoss, Tyler's twin brother and co-founder of fellow Gemini, also expressed his enthusiasm for the launch. However, his excitement was filled with similar criticism, doubting the legitimacy of several initiatives.
