The famous exchange founded by Tyler and Cameron Winklevoss, Gemini, has added support for Zcash, Bitcoin Contant and Litecoin. This is a very significant announcement due to the fact that it is one of the very first regulated exchanges ter the United States.
Gemini Bitcoin Exchange Supports Fresh Currencies
The decision has bot approved by the Fresh York Department of Financial Services (NYDFS) and the exchange will begin accepting deposits of Zcash &ndash, the privacy focused cryptocurrency &ndash, on May the Nineteen th at 9:30am EDT.
At the ogenblik, the exchange serves customers te 48 different US States and other countries, including Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the United Kingdom. The very first day of trading will be on May the 22 nd at 9:30am EDT.
Zcash is a cryptocurrency that uses encryption to protect the information of the transactions. The cryptocurrency wasgoed launched back te 2018 by Zooko Wilcox, a laptop security specialist from Arizona.
The main benefit of Zcash is that it protects users&rsquo, privacy with a technology known spil zk-snarks, hiding the information of the sender and the recipient. The payments are verified without exposing any confidential detail of the transaction.
Related movie: How to Buy Bitcoin on Gemini & Alt-Coins on Bittrex (Tutorial)
Ter a letterteken from Cameron Winklevoss, Gemini voorzitter explained:
&ldquo,Our approval makes Gemini the very first licensed Zcash exchange ter the world. It also makes the NYDFS the very first regulatory agency te the world to supervise Zcash.&rdquo,
Related movie: INCREDIBLE MANEUVERS – UFO / CE-5 Voeling – 09/09/2018
Moreover, the NYDFS confirmed to Forbes that the exchange will be receiving the approvals for Bitcoin Contant, and Litecoin, the Four th and 6 th most significant supuesto currencies ter the market. At the ogenblik there is no information about when thesis currencies might go live.
Zcash (ZEC), is now the 23 rd most significant cryptocurrency by market capitalization, with $1.25 billion dollars. It is now registering a 26% increase ter the last 24 hours and is being traded around $320 dollars vanaf coin. Back te January Zcash wasgoed traded overheen $800 dollars, and reached its lowest point te months te April when it touched $175 dollars vanaf coin.