Zcash Spikes After Gemini Adds ZEC, CME takes on Ethereum and NASDAQ Data Matching for DX Platform

Bitcoin and Ethereum showing signs of recovery after the volatile weekend – Bitcoin now at $8734, up $400 over the last 24 hours, Ethereum gaining almost $30 over the same period, now at $731. The global cryptocurrency market cap also rose slightly to $407 billion.

The Chicago Mercantile Exchange (CME) has launched 2 Ethereum tracking indexes CME CF Ether-Dollar Reference Rate, (prints a daily price at 4 pm GMT), and the CME CF Ether-Dollar Real-Time Index. Transaction data used is from the Kraken and Bitstamp cryptocurrency exchanges and calculated for the indexes by Crypto Facilities. The CME state there is no plans yet to roll out Ethereum futures and intends to focus on the index itself initially.

DX.Exchange has announced their partnership with NASDAQ in advance of their new cryptocurrency exchange platform set to launch in June. NASDAQ are providing their data matching engine service to power the platform that aims to list 6 cryptocurrencies initially with the goal to expand up to 25. DX are offering zero fee trading for accounts with less than €50k monthly volumes, and charging only €10 per month. Pro accounts are offered but no pricing is available yet.

Zcash (ZEC) has spiked overnight after the announcement by the Winklevoss owned Gemini exchange of the addition of Zcash to their platform, making Gemini the first licensed Zcash exchange in the world, and the New York State Department of Financial Services (NYDFS) the first regulatory agency in the world to supervise Zcash. Zcash has risen over 40% on the news overnight. Gemini is anticipated to be accepting Zcash deposits later this week (19th May) with trading commencing 3 days later.

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Created: Tuesday, May 15, 2018

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