Now the Gemini exchange supports operations with Zcash altcoins as well as with the digital coins Bitcoin Cash and Litecoin. Before the upgrade, only Bitcoin and Ethereum could be purchased inside the exchange.
According to Forbes, depositing of Zcash will be available from this Saturday, the 19th of May. Trading in pairs with dollars will be launched on the 22nd of May. The exchange will be available for 48 US states, as well as Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the UK.
After announcing that Zcash is now available at Gemini, the coin has grown in price by 40%. At the moment it costs $349 with the previous price of $225. At the time of writing, the cost of Zcash was at around $323.
The President of Gemini Cameron Winklewoss made a comment that the addition of new currencies became possible due to the close cooperation of the exchange with NYDFS:
“Our approval makes Gemini the first licensed Zcash exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise Zcash.”
Zcash is an anonymous currency that supports two addresses: the unshielded one which is open and also the hidden one. The Gemini exchange will accept deposits from two accounts, however, coin withdrawal will be supported only for open addresses.