Published on May 15th, 2018 | by bitcoin0
Gemini announces Zcash support, boosting privacy when utilizing cryptocurrency.
Zcash just became the first privacy coin to earn itself a fiat trading pair on a mainstream American exchange.
Zcash utilizes two addresses, shielded and unshielded, to offer anonymity options to its users.
Gemini will accept deposits from both addresses out of the gate, but, for the time being, withdrawals can only be made to unshielded addresses until the Gemini team implements withdraw support for shielded address.
“Our approval makes Gemini the first licensed Zcash exchange in the world.
With a $ 1.2 billion market capitalization, Zcash is one of the most popular privacy coins available, second only to monero.