Gemini gets NYDFS approval to add Zcash, Litecoin and Bitcoin Cash support

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The exchange, founded by Cameron and Tyler Winklevoss, will also receive approval to provide custody and trade services for Bitcoin Cash and Litecoin, according to a report from Reuters. Gemini states that this "makes Gemini the first licensed Zcash exchange in the world", and "NYDFS the first regulatory agency in the world to supervise Zcash". Gemini also plans to support block trading across the same three trading pairs.

The most surprising of these currencies is ZCash, however, as the additions of Litecoin and Bitcoin Cash were expected by the community for a considerable amount of time.

As the exchange does with its bitcoin (BTC) and Ether (ETH) auctions, Gemini will only support the Dollars trading pair for its 4:00 p.m. ET daily ZEC auction.

Zcash can be purchased on these cryptocurrency exchanges: Gate.io, Crex24, Allcoin, BCEX, Mercatox, Cryptohub, Tux Exchange, Trade Satoshi, HitBTC, YoBit, BX Thailand, Braziliex, OTCBTC, The Rock Trading, LiteBit.eu, Sistemkoin, GOPAX, Binance, C2CX, Huobi, Abucoins, Bitlish, Waves Decentralized Exchange, BTC-Alpha, CoinEx, Upbit, Qryptos, Exmo, Bithumb, Cryptomate, BigONE, Coinrail, Poloniex, CEX.IO, WEX, Lbank, BTC Trade UA, Kraken, CoinExchange, Bittrex, Bit-Z, OKEx, Bitfinex, Ovis, Coinroom and Cryptopia.

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A major USA digital asset exchange will soon list Zcash, one of the world's most privacy-centric cryptocurrencies.

Following approval from the New York Department of Financial Services [NYDFS], Gemini will begin accepting deposits of the privacy-focused cryptocurrency on Saturday, May 19th at 1:30 pm UTC.

Gemini went through an extensive approval process with the NYDFS prior to adding support for Zcash.

Just minutes after the DFS and Gemini announcements, the price of Zcash jumped from about $250 per coin to more than $300 per coin. Zcash has a total market cap of $1.31 billion and approximately $279.77 million worth of Zcash was traded on exchanges in the last day. What was your experience like in comparison to other exchanges you've used?

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The twins also acknowledged some of the privacy coin's features such as the use of a combination of unshielded and shielded addresses.

"We are proud to be supporting this new and incredible technology, and contributing to the next generation economy and the future of money". Transparent transactions operate similarly to Bitcoin in that the balance and the amounts of the transaction are publicly visible on the blockchain. "It is possible to send ZEC between these two address types".

Cameron also remarked on the regulatory approach to Zcash. "Today demonstrates that through education and collaboration and with the right controls in place, regulators can get comfortable with privacy technology", said Winklevoss.

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