Gemini Trust Co exchange, owned by Cameron and Taylor Winklevoss, became world’s first licensed cryptocurrency Zcash ($1.3 billion market value) exchange after the authorization by New York Department of Financial Services this Monday, Reuters reported.
It also approved, in the future, Gemini will be able to trade Bitcoin Cash (EXANTE: Bitcoin.Cash) and Litecoin (LTC/USD).
“We are proud to be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell, and store Zcash,” Tyler Winklevoss stated.
Gemini exchange will start accepting Zcash deposits this Saturday, May 19th and trading will start by May 22nd. ZCash (ZEC/USD) saw a 20% rise after the announcement.
By Nadya Astam