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An important US cryptocurrency, Gemini recently announced support for Bitcoin Cash (BCH) on its platform. According to the announcement, the trading and custody activities for the currency should begin by tomorrow, December 10, 2018.
Gemini now supports five coins
With the addition of Bitcoin Cash (BCH), the total cryptocurrency supported on the Gemini crypt exchange is now five. The five currencies are Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Zcash (ZEC) and Bitcoin Cash (BCH).
Gemini also said that its support for the bitcoin cash network is limited to BCH ABC and that the BCH ticker will be used. This means that the other fork of the BCH-Bitcoin SV network 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 all funds sent to the platform on the Bitcoin SV blockchain will be invalid and unrecoverable."
This was further explained in a comment that says:
"We have worked closely with the New York State Department of Financial Services (NYSDFS) to gain approval to offer Bitcoin Cash trading and custody services to our customers and we are pleased to add this cryptocurrency to the Gemini platform. – the most regulated cryptocurrency in the world exchexchangeange and custodian We are proud to offer our customers a safe, secure and compliant method to buy, sell and store cryptocurrency while building the future of money ".
The Twins have created a Stablecoin
A recent report said the exchange is trying to open an encrypted exchange in the United Kingdom. Following this report, the exchange assumed by Jeanine Hightower-Sellitto, a former COO International Exchange Securities. Now he is at the service of a managing director responsible for operations. Gemini, a cryptographic exchange founded by two billion bitcoins, Cameron and Tyler Winklevoss have recently launched their own stablecoin, (GUSD).
