Bitcoin Cash [BCH] listing regulatory approval received by Gemini Exchange

On 25th September, a member of r/BTC, the Subreddit for the Bitcoin Cash [BCH] community, posted a snapshot stating that the Gemini Exchange will soon be adding the Bitcoin Cash to its platform. On Twitter, the official handle of Gemini Support also revealed that the exchange has already received regulatory approval for BCH listing. It wrote:

“We’ve already gotten regulatory approval to list BCH, however, no launch date has been announced. We will be sure to let everyone know once it’s available for trading.”

Gemini dropped this comment as a response to one of the Bitcoin Cash followers who was inquiring about the BCH listing on the platform. Two weeks ago, the exchange also publicly told its followers about the upcoming listing of Litecoin [LTC]. At the Litecoin Summit, Gemini announced that the date for the listing of LTC is planned to be 13th October. This contributed to the many efforts made by the Litecoin Foundation to increase adoption for the cryptocurrency.

Recently, the cryptocurrency platform also launched its native token, the Gemini Dollar [GUSD], which falls under the category of stable coins. This was announced by the Winklevoss brothers earlier this month. They also said in a statement that the launch of GUSD is an attempt towards bringing the traditional financial system closer to the new one, i.e., cryptocurrency.

Earlier this week, Tyler and Cameron Winklevoss also mentioned that the two are planning to expand their exchange into the United Kingdom. The exchange has reportedly hired members to plan the potential expansion of the platform into the country.

Currently, the Bitcoin Cash side of the story is full of conflicts as the community members are arguing over the Bitcoin Cash hard fork, scheduled to take place by November. The two parties, Bitcoin ABC and nChain are unable to come to a mutual understanding and decision regarding the direction that the Bitcoin Cash blockchain should be taken in.

BitttBurger, Reddit user and BCH follower took a hit on the Bitcoin Core community through sarcasm. The user wrote:

“Wait I thought Bitcoin Cash was a dead shitcoin scam? Why would the second largest US regulated exchange in the world be adding it as only one of FOUR coins on its platform? This doesn’t make sense!! This can’t be right!!! Also Roger doesn’t work there so how can any humans other than Roger be doing ANYTHING to support BCH ???”

Another Reddit user and BCH follower, Rawlsdeep also stated:

“Yay! My preferred exchange prior to the fork! I’m excited to be able to use it again!”