Crypto Exchange Gemini Adds Bitcoin Cash, Dodges Bitcoin SV
Crypto exchange Gemini, owned by the Winklevoss twins, just announced plans to support Bitcoin Cash (BCH) trading. Users can deposit BCH into their Gemini accounts this Saturday, December 8th, at 8:30 a.m. EST. Trading will begin on Monday, December 10th, at 1:00 p.m. EST.
Gemini says that following the recent BCH hard fork, the exchange will only be supporting the Bitcoin ABC network (which will be listed as BCH), and not the Bitcoin SV network – at least, for now.
Gemini engineering VP Eric Winer says,
“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.
Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable.”
BCH is the fifth digital currency listed on Gemini in addition to Litecoin, Bitcoin, Ether and Zcash. Gemini is currently offering BCH as a trading pair with each of those currencies plus USD.
The exchange says it’s obtained approval from the New York State Department of Financial Services (NYSDFS) for BCH trading and custody services.