Gemini to announce support for Bitcoin Cash trading and custody on Gemini. Beginning Saturday, December 8th at 9:30am ET you will be able to deposit Bitcoin Cash into your Gemini account. Trading will begin on Monday, December 10th at 1pm ET. Bitcoin Cash (BCH) is the fifth digital asset available on the Gemini platform, joining Bitcoin, Ether, Litecoin, and Zcash. As such, Gemini will be offering the following new trading pairs and services:
Bitcoin Cash, a fork of the Bitcoin network, was recently forked into two distinct networks and blockchains: Bitcoin ABC and Bitcoin SV. At this time, Gemini will only be providing support for the Bitcoin ABC network and Gemini will be referring to it as Bitcoin Cash with ticker: BCH. Gemini have added replay protection to all BCH withdrawals from the Gemini platform to ensure transactions are only valid on the Bitcoin ABC blockchain. Any cryptocurrency sent to Gemini over a blockchain that Gemini do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable. Geminie are continuing to evaluate Bitcoin SV over the coming weeks or months, and Gemini may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.
Bitcoin Cash seeks to build on the goal of the original Bitcoin and become an electronic cash system, similar to other payment methods such as debit and credit cards. Their roadmap includes changes such as adjustable blocksize caps, canonical transaction ordering, and new operating codes, which lay the groundwork for further transaction throughput enhancements.
Gemini have worked closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Bitcoin Cash trading and custody services for our customers, and we are excited to add this cryptocurrency to the Gemini platform — the world’s most regulated cryptocurrency exchange and custodian. Gemini are proud to provide our customers with a safe, secure, and compliant method to buy, sell, and store cryptocurrency as Gemini build the future of money.