The Winklevoss Twins’ Gemini crypto exchange announced on September 14 that it is going to add Litecoin (LTC) trading pairs by October. The Gemini digital asset exchange was founded by Cameron and Tyler Winklevoss in 2014.
Eric Winer, Vice President of Engineering, Gemini announced this news while he was speaking on stage on Day 1 of the Litecoin Summit 2018. The summit was organized by the Litecoin Foundation on September 14-15 in San Francisco.
Gemini made this announcement just four days after it launched its own stablecoin, the Gemini dollar (GUSD). This is Gemini’s fully dollar-collateralized stablecoin. Gemini had first shared its plans to list Bitcoin Cash (BCH), Zcash (ZEC) and Litecoin (LTC) way back in May 2018.
The New York Department of Financial Services (NYDFS), which had given approval to the Gemini crypto exchange to list Zcash, confirmed the news that the exchange would also be receiving approvals for Litecoin and Bitcoin Cash. Gemini had however not provided any dates as to when these two cryptocurrencies would go live.
The recent announcement of Gemini planning to add Litecoin to its platform is even more interesting, as this listing would take place on Litecoin’s seventh birthday. On October 13, 2011, the Litecoin network went live.
“We are launching Litecoin support on October 13th.”🙌 – Eric Winer of @GeminiDotCom
That’s also Litecoin’s birthday!🎂
— Litecoin Foundation (@LTCFoundation) September 14, 2018
Presently, the exchange platform supports U.S. dollar trading pairs for Ethereum (ETH), Bitcoin (BTC) and Zcash (ZEC). The crypto community was already speculating that Gemini would soon be adding Litecoin support, as mentioned in the Live Bitcoin News report. This speculation was made by the community after a Twitter user elicited a response from the exchange that had Litecoin fans all around the world cheering.
I’m saying I wished they offered LTC in general before putting out GUSD
— Crypto Is 💰 (@CryptoIsMoney2) September 10, 2018
We hear you! LTC is on it’s way, we’ve already received regulatory approval to list, and we will be sure to let everyone know once it’s available for trading.
— Gemini Support (@GeminiSupport) September 12, 2018
It is not surprising that this announcement of adding Litecoin trading pairs on the Gemini crypto exchange platform has received an overwhelmingly positive response from the Litecoin community, as reported by CryptoGlobe. Litecoin, the seventh most valuable cryptocurrency by market cap ($3.23 billion) is presently trading at around $56.33 (at the time of writing this article), according to data from CryptoCompare.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]