Gemini Lists Bitcoin Cash With NYDFS Permission
Winklevoss Brothers Crypto Exchange Announces That It Will Add Bitcoin Cash Support.
According to Gemini’s Friday announcement, the exchange will support a blockchain version based on the Bitcoin ABC client. The company notes that it has implemented replay protection to ensure that transactions are only valid on one network, while each has its own tokens..
“Any cryptocurrency sent to Gemini through the blockchain and not supported by us will be lost forever,” the company writes. “We will continue to evaluate Bitcoin SV over the coming weeks or months and may decide to support or not support the withdrawal and / or trading of Bitcoin SV in the future.”.
Gemini notes that the New York State Department of Financial Services (NYDFS) has approved the listing of Bitcoin Cash, making both trading and custody services available with a fork of Bitcoin to clients in its jurisdiction..
On Saturday, clients of the exchange will be allowed to make deposits in Bitcoin Cash, and the trading itself will start on Monday. During the launch phase, the cryptocurrency will be available in pairs with the US dollar, bitcoin, Ethereum, Litecoin and Zcash.
Previously, support for Bitcoin ABC was added by such American exchanges as Kraken and Coinbase, and Poloniex – both versions at once..
Gemini announced its intention to list Bitcoin Cash back in March, but in light of various delays, including the recent hard fork, the listing was postponed. Also in March, Gemini announced plans to add Litecoin, which appeared on its platform in October..
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