Zcash Overshadows Bitcoin After Listing on Gemini Exchange

A truly innovative privacy coin, Zcash has announced it will be available to trade on the Gemini Exchange on May 22.

The famed Winklevoss twins founded trading platform will be the first licensed Zcash exchange in the world.

Although Zcash is a fork off of the Bitcoin source code, there are several features that distinguish it from its parent coin.

"Bitcoin and Zcash are two revolutionary technologies vying for different mantles, Bitcoin being digital gold and Zcash being digital cash."

"We are proud be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell, and store Zcash."

The press release revealed that Gemini Exchange "Has also been approved for potential future offerings of Litecoin and Bitcoin Cash.".

Following the announcement to list on the Gemini Exchange, Zcash saw a strong uptrend in prices from $247 to $364 USD - a 47% increase in value.

Although a much larger coin by market cap, bitcoin saw a 3.6% dip from $8854 to $8530 USD at the same time of Zcash's Gemini listing announcement on Tuesday.

Starting on May 22 at 9:30 am EST, Gemini Exchange will unveil Zcash trading to the public as the first licensed exchange to do so.

Zcash is currently ranked 21 in the world's top cryptocurrencies and has a market capitalization of $1.41 billion USD.Cover Photo by Yeshi Kangrang on Unsplash.