Gemini adds Bitcoin Cash

Popular cryptocurrency platform Gemini has announced support for Bitcoin Cash (BCH). The crypto giant only recently partnered with Cboe Global Markets Inc. to supply Bitcoin futures.

Starting from 9:30 on Saturday, December 8, BCH deposits into accounts are open. Bidding will begin on Monday, December 10th at 1:00 pm ET. Bitcoin Cash (BCH) is the fifth digital asset available on the Gemini platform, combining Bitcoin, Ethereum, Litecoin and Zcash. As such, the exchange is offering the following new trading pairs and services:

BCH/USD

BCH/BTC

BCH/ETH

LTC/BCH

ZEC/BCH

In its official announcement, the exchange emphasizes that it “will only support the Bitcoin ABC network,” which is designated on the platform as “Bitcoin Cash with ticker: BCH.” 

In addition, the exchange has added replay protection for all withdrawal operations BCH from the Gemini platform so that transactions are valid only on the Bitcoin ABC blockchain." This creates certain challenges that are difficult for the SV camp to overcome since BCH is only the 5th coin on the heavily regulated Gemini platform. The exchange warned users that any unsupported token sent to a Gemini address will be lost.

At the same time, Gemini notes that it continues to analyze the situation with Bitcoin SV and a decision regarding its support will be made in the near future.

Bitcoin SV and Bitcoin ABC are two separate networks that fought for the right to be called by the main name Bitcoin Cash, after a controversial hard fork. What was often called a "war" in the cryptocurrency community ended when Bitcoin SV backer and billionaire Calvin Ayre announced that the network was dropping the Bitcoin Cash name.