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Cryptocurrency exchange Gemini has announced support for the custody of Bitcoin Cash (BCH) and trades today with a post on its official Media blog, December 8th. Gemini, based in the United States, was founded in 2015 by the Winklevoss brothers.
The exchange highlighted that, at the moment, "will provide support only for the Bitcoin ABC network" that is identified on the platform as "Bitcoin Cash with ticker: BCH."
Gemini said he would "continue to evaluate Bitcoin SV in the coming weeks or months, and in the future we may or may not choose to support Bitcoin SV withdrawals and / or trade".
In order to ensure legal compliance, the company, which claims to be the world's most regulated cryptocurrency custodian, worked "closely with the New York State Department of Financial Services (NYSDFS) to obtain # 39; approval to offer Bitcoin Cash trading and custody services. "
Bitcoin SV and Bitcoin ABC are the two blockchain that contend the name of Bitcoin Cash after a controversial hard fork. What has often been called "war" in the cryptic community ended when Bitcoin SV supporter and billionaire entrepreneur Calvin Ayre said the chain no longer wants the name of Bitcoin Cash, as reported by Cointelegraph on November 24 .
In October, Gemini obtained regulatory approval to offer trading in the main Litecoin cryptocurrencies (LTC). Gemini's vice president of engineering, Eric Winer, noted the in-depth "banking compliance and fiduciary obligations" of Gemini under the supervision of NYDFS. He said that Litecoin's trade support is the result of close cooperation with regulators and that the exchange is approaching new resources with a "security-first" approach.
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