In the series of high-profile listings, boutique digital asset exchange Gemini will add support for Litecoin (LTC) on Saturday 13th October. The listing will likely help improve LTC’s image and make it more accessible to a wider range of investors.
A blog post published on Friday said users would be able to deposit Litecoin into their exchange accounts as of 09:30 EST on Saturday morning. Announced only a few weeks before, it will be the fourth cryptocurrency listed in the exchange’s three years of operation. Trading would then begin on the following Tuesday at the same time. LTC will have trading pairs with three other assets – Bitcoin (BTC), Ether (ETH), Zcash (ZEC) – listed on the exchange.
Gemini’s Vice President of Engineering, Eric Winer, said the listing would help reinforce the exchange’s position as a popular gateway for investors to get exposure to cryptocurrency. “The addition of Litecoin further solidifies Gemini’s standing as the go-to exchange for retail and institutional investors alike,” he said in the blog post.
Winer also said that Gemini had planned to add Bitcoin Cash (BCH) to its servers at the same time. However, this had been postponed following rumors about a potential hard fork coming up in mid-November. It was concerned the hard fork would not have the same level of security features needed for the exchange to list BCH.Gemini Exchange
The first time the community heard about a potential Gemini Litecoin listing was back in May. Forbes reported that the exchange’s owners, the Winklevoss twins, had obtained permission from the New York Department of Financial Services (NYDFS) to list both Litecoin and Bitcoin Cash, although no dates had been specified at the time.
It was only midway through September that the community learned that Gemini Litecoin was a reality. Winer said at the Litecoin Summit in San Francisco that the exchange would be adding LTC to its servers on October 13th. The news sent Lit...