• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
winklevoss zcash

Winklevoss Twins’ Gemini Exchange Unexpectedly Adds ZCash

Nick Chong
by Nick Chong
7 years ago
·
Posted in Uncategorized, Altcoin News, Altcoins, Bitcoin Businesses, Companies, Markets and Prices, News, News teaser, Trending
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The New-York based Gemini cryptocurrency exchange just announced the addition of 3 new cryptocurrencies to their trading lineup. The most surprising addition being ZCash, which was not expected by anybody in the community.


ZCash: Privacy Focused, But On a Regulated Exchange

The week of the Consensus conference has always been a week of news, innovation, and announcements from major players in the cryptocurrency and blockchain industry. It seems that this year’s Consensus is no different with the Gemini exchange announcing that they will be adding ZCash with plans to add Litecoin and Bitcoin Cash in the near future.

The most surprising of these currencies is ZCash, however, as the additions of Litecoin and Bitcoin Cash were expected by the community for a considerable amount of time.

When news broke out about the announcement of the addition of ZCash, the price of the privacy coin went from $250 to $350 within an hour, in expectation of increased volume, market reach, and publicity. 

Winklevoss brothers are adding privacy-focused Zcash to their Gemini cryptocurrency exchangehttps://t.co/D9JoIUXa8R pic.twitter.com/PPDr7wYRDK

— Forbes (@Forbes) May 14, 2018

On May 14th, Gemini received official approval from the New York Department of Financial Services (NYDFS) to open Gemini for ZCash deposits on May 19th and ZCash trading 3 days later. Gemini will offer the ZEC/USD, ZEC/BTC, and the ZEC/ETH trading pairs upon launch.

Gemini will also continue to offer block trading, which they announced earlier last month, along with their daily auction of cryptocurrencies and will adapt these things with the arrival of the new cryptocurrency on the platform.

Surprisingly, the exchange also seemed to be hopeful about the privacy features of ZCash when its blog mentioned:

The Zcash protocol’s cutting edge use of zero-knowledge succinct non-interactive arguments of knowledge (“zk-SNARKS” or “zero-knowledge proofs”) makes it a truly innovative privacy coin that offers confidentiality for peer-to-peer transactions

ZCash provides 2 different types of addresses on the platform, shielded and unshielded addresses. The latter showing the balance of the wallet and transaction balances going in and out. However, shielded addresses provide a high level of privacy for users, as their balance and transaction balances are made private on the blockchain.

Contrary to popular belief, ZCash does not offer full anonymity as their protocol does not obfuscate user’s IP addresses. Although some may perceive this as a downside, this was never ZCash’s goal, and never will be. 

Despite this, withdrawing ZCash to shielded addresses will not be allowed for ZCash traders on Gemini at this time, though this seems to undermine the entire point of using a privacy-focused cryptocurrency. 

This issue of this loss of privacy has probably something to do with the regulatory laws and oversight, which try to stop money laundering methods. However, the blog did mention that they may accept withdrawals to shielded addresses at a later date. 

In the same announcement, the NYDFS also announced that they had also fully approved the addition of Litecoin and Bitcoin Cash, the 6th and 4th largest cryptos by market cap, respectively. However, the full integrations of these other cryptocurrencies onto the exchange have not been announced as of yet.

Gemini has long been a ‘good boy’ in terms of receiving the proper licensing and permission from regulatory bodies to operate their services as they are one of the few businesses to be granted the infamous New York BitLicense. 

From the start, Gemini’s founders, the Winklevoss twins, sought to be a regulated and licensed exchange which would be different from other exchanges which were present in the market.

Gemini founder believe that being regulated “fosters innovation and protects consumers.” Although this may be true, this could be its downfall as users may seek exchanges operating without governments looking over their shoulders.

Do you think that the addition of these coins will be a successful venture for the Gemini Exchange? Why or why not? Please let us know in the comments below. 


Images Courtesy of Twitter/@Forbes, Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Nick Chong

Nick Chong

Follow

I am a writer who has been following Bitcoin for many years now. My pieces and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Full Profile

Related Posts

India

India Cracks Down: Stricter Rules To Combat Rising Digital Payments Fraud

23 hours ago
PrimeXBT: Top 5 altcoins to watch in 2025 

PrimeXBT: Top 5 altcoins to watch in 2025 

1 day ago
I Grandi Investitori di Ethereum Sono in Fase di Ritirata, Ma Ecco Chi Ora Detiene Più Quota di Mercato

I Grandi Investitori di Ethereum Sono in Fase di Ritirata, Ma Ecco Chi Ora Detiene Più Quota di Mercato

1 day ago
bitcoin-hyper-presale

Cá voi tiền điện tử bỏ rơi Shiba Inu để săn token $0.0015 với mục tiêu $25

1 day ago
crypto broker

De beste crypto brokers van Nederland

1 day ago
Philippines

Philippines Authorities Move To Put Key Public Records On Blockchain After Mass Protests

1 day ago
Please login to join discussion

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    1 day ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    3 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    4 days ago
  • Snorter надхвърли $4 милиона след...

    5 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.