Cryptocurrency exchange Gemini announced the launch of bitcoin cash (BCH) support and detailed that BCH will be available for trading on the platform this weekend.
According to the announcement, Bitcoin Cash is the fifth digital asset available on the Gemini platform, joining Bitcoin, Ether, Litecoin, and Zcash. Trading will begin Monday, December 10, with USD, BTC, ETH, LTC, and ZEC pairs.
Gemini specified that its Bitcoin Cash support is limited to BCH ABC under the BCH ticker. As a result, all BCH withdrawals from Gemini will only be valid on the ABC blockchain, and any funds sent to the platform over the Bitcoin SV blockchain will be invalid and irrecoverable.
Bitcoin Cash has recently undergone a hard fork, where Bitcoin Cash (ABC) and Bitcoin Cash (SV) split. Commenting on Bitcoin Cash (SV), the exchange declared that they 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.”
Gemini added that the New York State Department of Financial Services (NYDFS) has approved the bitcoin cash listing, allowing the exchange to offer both trading and custody services to its customers in the state. The agency had not yet made an announcement regarding its approval at press time.
Bitcoin Cash (BCH) is currently the sixth largest cryptocurrency by market capitalization, followed closely by Bitcoin SV (BSV) at the seventh position. It will be interesting to see if this listing has an impact on the market capitalization of Bitcoin Cash.