Bitcoin Cash trading is coming on Gemini, the Winklevoss twins' cryptocurrency exchange regulated by New York's Department of Financial Services.
There is less than a day left before Bitcoin Cash (BCH) holders can trade their cryptocurrencies on Gemini, as trading pairs of the altcoin are scheduled to launch at the exchange platform by today.
We are pleased to announce that Bitcoin Cash (BCH) is now available on Gemini! On Saturday, we will begin accepting Bitcoin Cash deposits, and trading will open across all currency pairs on Monday. For more information, please visit our blog on @Medium https://t.co/KchBr1wUc3
— Gemini (@Gemini) December 7, 2018
Eric Winer, vice president of engineering at Gemini, revealed on a Medium post that the exchange opened Bitcoin Cash trading and custody services with the approval from the New York State Department of Financial Services (NYSDFS).
Gemini, founded in 2014 by famous venture capitalists Cameron and Tyler Winklevoss, is regulated by the NYSDFS.
Meanwhile, Bitcoin Cash will become the fifth digital asset listed on Gemini after Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Zcash (ZEC).
BCH deposits on Gemini accounts are now available, with trading to start on December 10 at 1 p.m. Eastern Standard Time.
Winer clarified that the Bitcoin Cash Gemini supports is the one using the Bitcoin ABC node implementation, not the BCH fork Bitcoin SV (BSV). He also stated that BSV deposits made on Gemini would be “invalid and irrecoverable.”
However, he conceded that the Gemini team is still studying whether or not to provide support for BSV in the future.
Bitcoin Cash is currently the fifth largest crypto on the scene with a market capitalization of over US$1.897 billion. One BCH is currently equivalent to US$108.44.