íàçâàíèå

Winklevoss Crypto Exchange Wins Approval to Trade Zcash

The Winklevoss twins' Gemini digital currency exchange has become the first in New York to receive a license to trade the privacy-focused cryptocurrency zcash.

Alongside the news, Gemini announced support for trading zcash on Monday. Starting from May 19, Gemini users will be able to start depositing zcash (ZEC) into their accounts, the exchange said in a blog announcement. Trading will commence on May 22.

Gemini will be offering three new pairs for trading the cryptocurrency: ZEC/USD, ZEC/BTC and ZEC/ETH.

Eric Winer, VP of engineering at Gemini, said in the post:

"We have been working closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Zcash trading and custody services to our customers as a New York trust company."

DFS Superintendent Maria T. Vullo authorized Gemini on Monday to offer custody services and trading of zcash, litecoin and bitcoin cash, describing them as "emerging cryptocurrencies."

"This action continues New York's longstanding commitment to innovation and leadership in the global marketplace," Vullo stated in a release.

Gemini first received its trust charter from the DFS back in October 2015, allowing it to operate a digital currency exchange in the U.S. state.

"Gemini can launch Zcash trading immediately, subject to ongoing supervision by the state," the New York State DFS said.

With the news, Tyler Winklevoss, CEO of Gemini, said in the DFS release:

"We are proud be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell, and store Zcash, an incredible new form of digital cash."

New York image via Shutterstock

15.05.2018 / 10:55 19
Zcash Leads the Privacy Coin Pack, Surging 45% on the Day Zcash Leads the Privacy Coin Pack,
Privacy coin Zcash has surpassed all other altcoins in the top 100 during todays trading by surging 45% on the day. The pump was initiated around 18
Winklevoss Twins’ Gemini Exchange Unexpectedly Adds ZCash Winklevoss Twins’ Gemini Exchange
The New-York based Gemini cryptocurrency exchange just announced the addition of 3 new cryptocurrencies to their trading lineup. The most surprising
Zcash Price Spikes to $345 After Gemini Announces New Trading Pairs Zcash Price Spikes to $345 After Gemini
The zcash price spiked to $345 on Monday after cryptocurrency exchange Gemini announced that it will list the privacy-centric cryptocurrency for
Litecoin (LTC), Two Other To Be Listed On Gemini Litecoin (LTC), Two Other To Be Listed
The Gemini exchange, a creation of Tyler and Cameron Winklevoss, has stated that it is supporting Litecoin (LTC), Zcash (ZEC), and Bitcoin Cash
Gemini Exchange to Add Zcash, Bitcoin Cash, Litecoin, and Ethereum Classic Gemini Exchange to Add Zcash, Bitcoin
The Gemini exchange has announced that it will soon be adding support for three new cryptocurrencies. The Winklevoss twin’s trading platform will
Winklevoss-Led Gemini Becomes ‘World’s First Licensed Zcash Exchange’ Winklevoss-Led Gemini Becomes ‘World’s
Gemini has become the “world’s first licensed Zcash exchange,” the company announced on Monday. The New York City-based cryptocurrency exchange —
Comments (0)
Add a comment
Comment on