Gemini Exchange Adds Bitcoin Cash, Litecoin, Zcash & Ethereum Classic Trading

Gemini Exchange Adds Bitcoin Cash, Litecoin, Zcash & Ethereum Classic Trading

He added that an aspect of the Zcash's appeal is a privacy-protecting feature which enables different parties to engage in trade without knowing each other.

The hype leading up to cryptocurrency-focused conference Consensus is second to none, with crypto markets historically experiencing bull runs in the days after, and during, the event. After being approved by the NYDFS (New York Department of Financial Services), Gemini will start to accept deposits of Zcash on the 19th of May at 9:30am EDT.

While litecoin and bitcoin cash already have substantial followings, Zcash is more of an up-and-coming digital currency.

The influential American exchange will allow continuous trading and block trading services for all three of these new trading pairs, while also offering a 4p.m. It also has customers in the U.K, South Korea, Singapore, Hong Kong, Canada and Puerto Rico.

Other coins listed by the exchange have had a slow day but Zcash has literally taken off on the news. In addition to this, the exchange adheres to fiduciary obligations equivalent to traditional financial institutions and follows Bank Secrecy Act (BSA) enacted customer protection guidelines.

Gemini users will be able to buy and sell Zcash from May 22, according to Forbes. The lengthy procedure included a detailed report on Gemini's action plan to deal with risks pertaining to the currency, as well as a brief overview of the Zcash protocol.

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NY state has been described by many as one of the most advanced states in the union when it comes to cryptocurrency regulations, mostly due to the state's BitLicense program.

Zcash can be purchased on these cryptocurrency exchanges: Gate.io, Crex24, Allcoin, BCEX, Mercatox, Cryptohub, Tux Exchange, Trade Satoshi, HitBTC, YoBit, BX Thailand, Braziliex, OTCBTC, The Rock Trading, LiteBit.eu, Sistemkoin, GOPAX, Binance, C2CX, Huobi, Abucoins, Bitlish, Waves Decentralized Exchange, BTC-Alpha, CoinEx, Upbit, Qryptos, Exmo, Bithumb, Cryptomate, BigONE, Coinrail, Poloniex, CEX.IO, WEX, Lbank, BTC Trade UA, Kraken, CoinExchange, Bittrex, Bit-Z, OKEx, Bitfinex, Ovis, Coinroom and Cryptopia. "Bitcoin has many strengths, but privacy is not one of them".

"We are proud to be supporting this new and incredible technology, and contributing to the next generation economy and the future of money".

Gemini exchange is owned the Winklevoss twins - who once sued Mark Zuckerberg claiming they were the actual creators of Facebook, as seen in the movie "The Social Network".

Surely enough, ZEC experienced a surge in price after the announcement, reaching $350 in the hours afterward, and trading at $326 at the time of writing.

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