Gemini had gained regulatory approval to list Zcash on its platform. This is a huge affirmation from a regulation-compliant exchange and the first time, one listed a privacy coin.
In the past, cryptocurrency exchanges have faced allegations of insider trading after launching the trade of a new digital coin on their platform. Coinbase, the largest U.S.-based exchange for instance, faced a class action lawsuit after the price of Bitcoin Cash rose in the hours before Coinbase announced that trading would commence.
With NYSE, Nasdaq and many other eyeing on a share of the crypto-exchange space, the fundamentals certainly has just gone better.