UPDATE: Ether Classic Withdrawals

Update on our ongoing plans to address Ether Classic withdrawals

Continuing from our previous announcement about some of the implications of the Ethereum “Hard Fork,” we at Gemini would like to provide an update on our ongoing plans to address developing interest in ETC (Ether Classic or ETHC).

At the moment, Gemini offers trading and withdrawals of ether only on the “Hard Fork” ETH branch and not on the ETC branch. We have not yet decided whether to open matching engines for ETC trading.

We have started work to allow withdrawal of ETC for customers who had ether balances at the time of the “Hard Fork,” as well as customers who have intentionally or unintentionally deposited Ether Classic into their Gemini accounts after the “Hard Fork.”

Modifications of our digital asset storage system are taken with extreme caution to ensure the integrity of our customers’ assets. The thorough and secure implementation of an ETC withdrawal feature will require extensive development hours. We ask for your patience and understanding as we take the next few weeks to analyze and implement this functionality.

We’ll keep you informed with additional blog posts as the situation evolves. If you have any questions, please contact support@gemini.com.

Onward and Upward!