THELOGICALINDIAN - On Friday October 12 2024 Gemini appear the accession of Litecoin LTC to its trading archive Litecoin becomes the fourth cryptocurrency added to the Winklevossowned platform
NYSDFS Approval for Litecoin Trading on Gemini
Eric Winer, the platform’s VP of Engineering appear the annual via a post on the company’s Medium account. According to the announcement, barter will be able to drop LTC into their trading accounts from Saturday, October 13th, 2018, while trading commences the afterward Monday, October 16, from 9:30 am EDT.
With the accession of Litecoin, Gemini now boasts four cryptocurrencies on its trading catalog. LTC will additionally be accessible for trading with the added three basic currencies — Bitcoin (BTC) [coin_price], Ether, and Zcash, as able-bodied as an LTC/USD trading pair.
While announcement the news, Winer additionally acclaimed the platform’s charge to acknowledging with the standards set by the New York State Department of Financial Services (NYSDFS), saying:
Bitcoin Cash Support Postponed
The blog column added appear that Gemini planned to advertise Bitcoin Cash abutment calm with the accession of LTC trading pairs. However, the Winklevoss-owned belvedere says it will adjourn such affairs accustomed the abashing over a acceptable BCH adamantine angle advancing in November.
At the time of autograph this article, the advertisement was alone a few hours old — but there was already a slight access in LTC amount afterward the announcement. Litecoin is bottomward added than 83 percent back the alpha of the year and is currently ranked seventh based on bazaar capitalization.
For Litecoin, the accession by Gemini follows a agnate advertisement by cryptocurrency prime banker SFOX in September. In a recent interview with the platform, LTC creator, Charlie Lee opined that the cryptocurrency’s appliance as the “silver to Bitcoin’s gold” is still as accordant today as it was back he envisioned Litecoin.
Lee additionally declared the arising cryptocurrency movement as laying the background for what he alleged “sound money” — immutable, censorship-resistant, and chargeless from inflation. Lee, however, accepted that anon alone Bitcoin and conceivably Litecoin and Monero carefully embodied the attempt of complete money.
Will Litecoin amount acquaintance a improvement on the aback of Gemini’s listing? Let us apperceive your thoughts in the animadversion area below.
Images address of CoinMarketCap, Gemini, Shutterstock, Twitter (@GeminiTrust).
