Zcash suddenly rose to the level of US $ 350 or around 4.8 million rupiah per Zec. This is remarkable because it rose by about 44% according to the Coinmarketcap index. The Zcash price increase was triggered by the announcement that was just made. On May 19, 2019, the Gemini coin exchange will officially trade Zcash. This news was welcomed by all Zcash fans, which caused many purchases of Zcash coins.
Here's the official statement from Gemini. "We have been working closely with the New York State Department of Financial Services (NYSDFS). Approval to offer Zcash trading and custody services to our customers as a New York trust company. Zcash exchange in the world. Zcash exchange in the world. It also makes it possible to revise the position as the leading financial regulator in the area of digital assets. Regulatory certainty and oversight are critical for both fostering innovation and protecting consumers - and we're excited to provide our customers with a safe, secure, and regulated platform to buy, sell, and store Zcash. We are proud to be supporting this new and incredible technology, and contributing to the next generation of economy and the future of money. "
Gemini officially became the first official Zcash trade exchange in the world. The New York State Financial Services Department (NYSDFS) is a regulator agency that will control Zcash.