A U.S major major crypto exchange, Gemini has recently announced support for Bitcoin Cash (BCH) on its platform. According to the announcement, trading and custody activities for the coin is expected to commence by tomorrow 10, December 2018.
Gemini Now Supports Five Coins
With the addition of Bitcoin Cash (BCH), the total supported cryptocurrency on the Gemini crypto exchange is now five. The five coins are Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Zcash (ZEC), and Bitcoin Cash (BCH).
Gemini has also made it known that its support for the bitcoin cash network is limited to BCH ABC and the ticker BCH will be used for it. What this means is that the other fork of the BCH network—Bitcoin SV will not be supported on the platform.
According to the announcement, “all BCH withdrawals from the exchange will only be valid on the ABC blockchain, and any funds sent to the platform over the Bitcoin SV blockchain will be invalid and irrecoverable.”
This was further explained in a comment which reads:
“We have worked closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Bitcoin Cash trading and custody services for our customers, and we are excited to add this cryptocurrency to the Gemini platform — the world’s most regulated cryptocurrency exchexchangeange and custodian. We are proud to provide our customers with a safe, secure, and compliant method to buy, sell, and store cryptocurrency as we build the future of money.”
Gemini Created a Stablecoin
A recent report made it known that the exchange is looking to open a crypto exchange in the UK. Following this report, the exchange hired of Jeanine Hightower-Sellitto, a former International Securities Exchange COO. He is now serving in the capacity of a Managing Director in charge of operations. Gemini, a crypto exchange founded by bitcoin billionaire twins Cameron and Tyler Winklevoss recently launched its own stablecoin, (GUSD).