Gemini today the exchange has become “the world’s first licensed” Playground zcash for trading. In the announcement lists three trading pairs: ZEC/USD, ZEC/BTC, and ZEC/ETH.
“Zcash for bitcoin continues the way where he stopped,” — said the CEO of Gemini Tyler Winklevoss (Tyler Winklewoss). “Bitcoins are a lot of strong qualities, but secrecy is not one of them”.
The exchange’s President Cameron Winklevoss (Cameron Winklewoss) added:
“Zcash for Bitcoin and are two revolutionary technology, but they have different “weight categories”. Bitcoin is digital gold, and zcash for is digital cash.”
This listing is especially noteworthy, given the fact that Gemini is under the supervision of the Department of financial services of the state of new York (NYDFS). It is the Agency introduced a set of rules for exchanges Regulations, which States as one of the most strict in their legal field.
The listing was preceded by a long process of approval of NYDFS. According to the decision of the Department, during the launch phase, users will be able to make deposits into protected and unprotected addresses, however withdraw funds only on the latter. This decision is probably due to enhanced anti-money laundering.
Trading pairs with ZEC will begin on Tuesday, may 22, at 02:30 Moscow time, however, users will be able to make deposits on Saturday, three days before the opening of trading. With the news of the listing was followed by a sharp jump in the cost alithina to $349, before the rate was adjusted to $313 at the exchange rate at the time of publication.
The representative of the NYDFS also said that Gemini received permission to trade LTC and BCH. Although not directly Winklevoss called these assets, previously they stated that they would like to include in a turn more assets out of the “family tree Satoshi”.