Gemini cryptocurrency exchange, founded by twin brothers Tyler and Cameron Winklevoss, adds support for zcash for private cryptocurrencies, the market capitalization exceeds $1 billion About it writes Forbes.
After receiving appropriate approval from the new York Department of financial services (NYDFS), Gemini will begin to accept deposits zcash for the morning of Saturday, may 19. Gemini, serving customers in 48 States and Washington, D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the UK, will start trading zcash for may 22.
Along with the fact that the NYDFS has approved the transaction with zcash for the staff of the Department confirmed to Forbes that Gemini received a permit for operations with Bitcoin Cash (market capitalization of $25 billion) and litecoin ($8.2 billion), although there is no accurate information about when the platform will begin to support these cryptocurrencies.
President Gemini Cameron Winklevoss said in the letter comments that the addition of new currencies has become possible thanks to close cooperation exchanges with the NYDFS. In particular, the Winklevoss wrote:
Gemini became the first exchange in the world licensed to work with zcash for, and the NYSDFS has become the first regulatory body in the world, overseeing operations with this currency.Further, the Winklevoss explained that zcash for largely attractive due to its privacy, allow the parties to trade it in anonymity.
Along with the aforementioned cryptocurrencies Gemini sells air, whose market capitalization now stands at $74 billion. Gemini occupies the 13th place in the world ranking cryptocurrency exchanges; according to CryptoCoinCharts, its share in total market volume is approximately 1.65%.
Last year NYDFS provided Circle, Ripple, Coinbase and BitFlyer “setlicense”, which caused a lively debate in the sector, since such permission is clearly not affordable to most startups.