Privacy coin ZCash to be listed on Winklevoss's exchange, Gemini

Winklevosses' Gemini Exchange Gains NY Approval to Diversify Services

Winklevosses' Gemini Exchange Gains NY Approval to Diversify Services

The exchange, founded by Cameron and Tyler Winklevoss, will also receive approval to provide custody and trade services for Bitcoin Cash and Litecoin, according to a report from Reuters.

"When we began building Gemini over four years ago, we envisioned a platform that would allow customers to trade many virtual commodities". Gemini will offer the ZEC/USD, ZEC/BTC, and the ZEC/ETH trading pairs upon launch. In addition to Zcash, Litecoin was also listed on the exchange however price action for LTC has been lackluster. We should note at this point that the listing for Zcash on Gemini hasn't actually gone live yet, therefore this spike is simply in response to the announcement that it will happen.

Gemini operates out of NY which has one of the strictest policies for Cryptocurrency exchanges ago follow.

According to a Reuters report, the NY state's Department of Financial Services has also approved Gemini's request to offer crypto custody services as well as Bitcoin Cash and Litecoin trading options in the future.

Did Anybody Leak Information About Gemini's Zcash Support?

Gemini will also continue to offer block trading, which they announced earlier last month, along with their daily auction of cryptocurrencies and will adapt these things with the arrival of the new cryptocurrency on the platform. What was your experience like in comparison to other exchanges you've used? Transparent transactions operate similarly to Bitcoin in that the balance and the amounts of the transaction are publicly visible on the blockchain. Addresses which start with "t" behave exactly like Bitcoin, including their globally public properties and we refer to these as "transparent addresses". However, the blog did mention that they may accept withdrawals to shielded addresses at a later date. "It is possible to send ZEC between these two address types". Despite this, enhancements such as confidential transactions, the Lightning Network, and MAST will improve the privacy offered by Bitcoin in the near future, while Zcash will tackle the trusted setup it is often criticized for by moving on to zk-STARKs eventually.

The post Bitcoin Cash [BCH], Litecoin [LTC] and Zcash [ZEC] added on Winklevoss Brothers' Bitcoin Exchange appeared first on AMBCrypto. "It also makes the NYDFS the first regulatory agency in the world to supervise Zcash".

"Today demonstrates that through education and collaboration and with the right controls in place, regulators can get comfortable with privacy technology". Zcash presently has a total market cap of $1,399,138,238 and its 24 hr trading volume is about $424,689,000.

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