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Crypto Exchange Gemini To Include Bitcoin Cash with Custody on the ABC Network

Gemini exchnage

A Crypto Exchange platform, Gemini has just announced that it is offering support for Bitcoin Cash (BCH). The US-based exchange, owned by the Winklevoss twins declared the addition of BCH on Friday.

After much debated hard fork in last month, the exchange has chosen to support the fork of Bitcoin cash based on the Bitcoin ABC roadmap. Due to the hard fork, the bitcoin cash network divided into two different and struggling blockchains with their own tokens. At Least, for now, the exchange is not listing Bitcoin SV (BSV) the alternative version of bitcoin cash, “Satoshi’s Vision” (SV).

Eric Winer, Engineering VP at Gemini exchange noted, “We are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.”

Also, he warned while saying, “Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable.”

The exchange added that at the moment, it would “only be providing support for the Bitcoin ABC network” that is identified on the platform as “Bitcoin Cash with ticker: BCH.”

The announcement acknowledges that customers can start depositing bitcoin cash into their accounts on Saturday at 14:30 UTC. The trading support will be enabled at on Monday at 18:00 UTC. At present, Gemini is providing BCH as a trading pair with bitcoin, ether, litecoin and Zcash plus USD. Notably, The exchange has enabled replay protection to make sure that transactions are only valid on the one network.

Apart from Gemini, some of the crypto market biggies such as Kraken and Coinbase has listed bitcoin cash ABC as bitcoin cash. At the same time, Poloniex still lists ABC and SV as separate coins.

Moreover, Cameron and Tyler Winklevoss, the founders of Gemini exchange have revealed a potential addition of litecoin. Also, The exchange claims that it has obtained approval from the New York State Department of Financial Services (NYSDFS) regarding BCH trading and custody services.

The post Crypto Exchange Gemini To Include Bitcoin Cash with Custody on the ABC Network appeared first on CryptoNewsZ.



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