Winklevoss' Gemini exchange says it will add support for Bitcoin Cash on December 10, after receiving approval from NY regulator
The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. — Specifically, the New York-based startup …
Context & Ripple Effects
Gemini has built its exchange on a regulator-first playbook since the Winklevoss twins won New York approval to launch in October 2015: clear the state regulator first, then list. In May, the firm told customers it would add Zcash on May 19 with Litecoin and Bitcoin Cash to follow — a promise that today's announcement finally completes for BCH.
First-order effects
- Bitcoin Cash holders gain access to a New York-regulated trading venue starting December 10, expanding Gemini's listed assets beyond the Zcash rollout it committed to in May
Second-order effects
- Rival New York-regulated exchanges now face pressure to match BCH support or cede liquidity for the asset within the state's licensed market, where the approved-asset list is the main competitive surface
Third-order effects
- If the pattern holds, the pace of regulator approvals — not engineering work — becomes the binding constraint on which assets New York traders can reach, making regulatory clearance speed itself a durable moat for incumbents like Gemini
The trend: New York's licensed crypto exchanges are turning regulator-approved asset listings into their primary competitive weapon, one cleared coin at a time.