From today, users of Gemini (platform headed by the Winklevoss twins) will be able to deposit Bitcoin Cash (BCH). This new development is coming through an official statement from the New York-based company, issued on Thursday morning.
According to the announcement, trading for BCH will begin on Monday, 10th December, while custodial services for the popular altcoin have begun already. BCH is now the 5th crypto asset listed on Gemini, joining Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and ZCash (ZEC).
The announcement concerning BCH trading on Gemini was initially made in May, after the startup received an approval from the New York Department of Financial Services (NYDFS), but the Winklevoss brothers delayed the launch of the asset due to the fork.
Closing off its announcement, Gemini maintained that adding BCH is in-line with the underlying mission of the startup. Gemini’s Vice President of Engineering, Eric Winer said: “We are excited to add this cryptocurrency to the Gemini platform — the world’s most regulated cryptocurrency exchange and custodian. We are proud to provide our customers with a safe, secure, and compliant method to buy, sell, and store cryptocurrency as we build the future of money.”
After Multi-Week Brawl, BCH Overtakes BSV
Amid the market tumult of this week, BSV, which is backed by Craig Wright (Faketoshi) and Calvin Ayre, this week, saw a monumental rally, moving up the crypto standings faster than many could utter “HODL.”
In few days, if not hours, BSV started approaching the market cap of BCH, with many crypto-centric commentators taking to Twitter to express their disbelief, as many felt the civil war between the two factions had come to an end.
As BTC tanked, going below $3,500, BCH followed close behind the world’s most popular crypto. Although many expected for BSV to follow suit, it didn’t, with the forked asset immediately surging, passing the market cap of BCH.
However, with the approval from Gemini, BCH has started to outperform BSV for the first time in days.