The ticker for Zcash is “ZEC.” Gemini clients will be able to trade ZEC against the U.S. dollar, bitcoin and ethereum. With the announcement, Gemini becomes the world’s first licensed Zcash exchange.
“We have been working closely with the New York State Department of Financial Services (NYSDFS) to obtain approval to offer Zcash trading and custody services to our customers as a New York trust company,” said Gemini.
Bitcoin is a decentralized digital currency, or cryptocurrency, based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary. The system was first introduced by an unidentified programmer or group under the name of Satoshi Nakamoto in 2009.
For more information on the cryptocurrency market, visit our Bitcoin category.