Gemini Exchange Adds New Wave of Cryptocurrencies: Litecoin, ZCash & Bitcoin Cash
The cryptocurrency exchange led by the infamous Winklevoss Twins, Gemini, is adding support for three new cryptocurrencies.
The new wave of supported coins will be made up of privacy-focused ZCash, controversial Bitcoin fork, Bitcoin Cash and community favourite Litecoin.
Addition to the exchange is big news considering that Gemini is completely licensed across the United States and has been attracting institutional investors from prominent markets all around the world, including Hong Kong, South Korea and the U.K.
Particular attention has been cast on the addition of ZCash, with Cameron Winklevoss declaring:
Our approval makes Gemini the first licensed Zcash exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise Zcash.”
The open-armed welcoming by Gemini of a cryptocurrency designed for anonymity is refreshing considering Japan’s recent calls to ban exchanges from listing privacy-focused coins.
Any market reaction also be an interesting marker for institutional interest in digital assets with in-built privacy functionality.
Gemini is looking to begin accepting deposits of ZCash this Saturday, while specific dates for the enabling of trade in Litecoin and Bitcoin Cash are yet to be released.
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