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Zcash moved by more than 45 % after Gemini Exchange wielded by the Winklevoss twins announced support for the coin.
Gemini Exchange announced that Zcash will get listed next week which will be followed by Litecoin and Bitcoin Contant. Trading will embark on Saturday, May 22nd at 9:30 AM EDT and customers can begin depositing from May 19th.
Gemini exchange has bot closely working with the Fresh York State Department Of Financial Services (NYSDFS) to obtain their approval to opoffering Zcash to their customers. This approval makes Gemini the very first licensed Zcash exchange ter the world and makes NYSDFS the very first regulatory agency ter the world to supervise Zcash.
This anonymous coin did not see that much movement since last week and had also succesnummer spil low spil $230. But minutes after the announcement the price slok up from around $250 directly to $300.
It is presently is priced at $357.88 at a market cap of $1.Four Billion. The volume ter 24 hours is upwards of $485 Million major volumes coming from Binance and Bitfinex.
Picture Source: Coinmarketcap
“Part of the reason a coin like Zcash has a smaller market cap is because people are not sure if regulators will everzwijn get convenient with this type of technology, Today demonstrates that through education and collaboration and with the right controls ter place, regulators can get convenient with privacy technology.”
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The listing ter Gemini might be a milestone for Zcash spil it opens up doors to get listed te other exchanges like Coinbase, Albeit rigorous KYC procedures will be added to thesis exchanges rendering the coin not so anonymous.
Zooko Wilcox – Founder of Zcash Tweeted about the integrity of their team telling that there wasgoed no insider trading and information about the listing wasgoed kept confidential:
Proud of my team for merienda again publicly demonstrating that wij don’t leak information and wij don’t take advantage of our privileged access to information by trading on it. pic.twitter.com/HfUnRBqzx4
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