Cryptocurrency exchange Gemini announced support for Bitcoin Cash custody and trading today with a post on its official Medium blog, Dec. 8.
Gemini, which is based in the United States, was founded in 2015 by the Winklevoss brothers.
The exchange pointed out that, at the moment, it will "Only be providing support for the Bitcoin ABC network" which is identified on the platform as "Bitcoin Cash with ticker: BCH.".
Gemini declared that they "Are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future."
In order to ensure legal compliance, the company, which claims to be the world's most regulated cryptocurrency exchange and custodian, reportedly "Worked closely with the New York State Department of Financial Services to obtain approval to offer Bitcoin Cash trading and custody services."
Bitcoin SV and Bitcoin ABC are the two blockchains that contended for the Bitcoin Cash name after a controversial hard fork.
What was often referred to as a "War" in the crypto community ended when Bitcoin SV backer and billionaire entrepreneur Calvin Ayre declared that the chain no longer wants the Bitcoin Cash name, as Cointelegraph reported Nov. 24.
In October, Gemini gained regulatory approval to offer trading of major cryptocurrency Litecoin.
Gemini's vice president of engineering Eric Winer noted Gemini's thoroughgoing "Banking compliance and fiduciary obligations" under oversight from NYDFS. He stated that Litecoin trading support came as the result of close cooperation with regulators, and that the exchange is approaching new assets with a "Security-first" approach.
Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network
gepubliceerd op Dec 8, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.