Cryptocurrency trade exchange Gemini has announced support for Bitcoin Cash custody and trading.
Gemini, founded by the Winklevoss twins, made the announcement on Friday of last week, saying that is is “thrilled” to be announcing trading and custody for the Bitcoin hard fork. Users of the platform could deposit Bitcoin Cash tokens from the weekend, and trading will start today at 13h00 ET.
Gemini made it clear that, as it stands, Bitcoin Cash will be supported as the ABC blockchain. Bitcoin Cash’s other hard fork, Bitcoin SV, will not be supported at present. Gemini stated:
“At this time, we will only be providing support for the Bitcoin ABC network and we will be referring to it as Bitcoin Cash with ticker: BCH. We have added replay protection to all BCH withdrawals from the Gemini platform to ensure transactions are only valid on the Bitcoin ABC blockchain. Any cryptocurrency sent to Gemini over a blockchain that we do not support, such as Bitcoin SV (BSV), will be invalid and irrecoverable. 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.”