The Crypto Currency Exchange Gemini has announced support for Bitcoin Cash (BCH) trading and custody. The exchange is offering support at the moment for Bitcoin ABC Network.
Gemini will continue to validate the Bitcoin SV in the coming weeks. The exchange may or may not add support for trading or withdrawals of Bitcoin SV in the near future. It is claimed to be the most regulated crypto currency exchange as well as a custodian in the world.
The crypto currency exchange has obtained approval to offer custody services and trading for the Bitcoin Cash by closely working with NYSDFS (New York State Department of Financial Services).
The support for BCH will start from December 08, 2018 at 1 PM ET. The users can start depositing the cash into their Gemini Accounts and start trading BCH from December 8. Bitcoin Cash is the fifth currency allowed for trading on Gemini. Other cryptocurrencies allowed for trading on Gemini Cryptocurrency exchange are Ethereum (ETC), Zcash (ZEC), Bitcoin (BTC), and Litecoin (LTC). The pairs available for trading on Gemini Cryptocurrency exchange are LTC/BCH, BCH/USD, BCH/ETH, BCH/BTC, and ZEC/BCH.
Calvin Ayre, the backer of Bitcoin SV, Ends Controversy Over Bitcoin Cash
The two blockchains – Bitcoin SV and Bitcoin Cash have fiercely contended for the name ‘Bitcoin Cash’. Calvin Ayre, the billionaire entrepreneur and backer of Bitcoin SV, has announced that the blockchain doesn’t need the name Bitcoin Cash and ended the controversy.
Gemini Obtains Regulatory Approval To Add Support for Litecoin Trading
Gemini Cryptocurrency Exchange has obtained approval for Litecoin (LTC) trading in October 2018. According to Eric Winer, Vice President (Engineering) of Gemini, the exchange has fully met the fiduciary obligations and banking compliance under the guidance of NYSDFS.
Brief Information about Gemini Cryptocurrency Exchange
The US based Cryptocurrency Exchange – Gemini is a product of Winklevoss brothers. It has obtained a license to hold the digital assets of individuals and institutional customers. Therefore, institutional customers such as exchange traded funds (ETFs), Mutual Funds, and Hedge Funds can maintain custody accounts at Gemini, which is more secure and regulated. The exchange segregates the digital assets safely in custody accounts by assigning distinct digital addresses.
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