Winklevoss owned Gemini to start trading of Litecoin soon 25089 Litecoin
News
Nitin Murali
Oct 12, 2018 at 11:10 PM

After Bitcoin, Zcash, and Ether, Litecoin will be the fourth digital asset to be available on the Gemini platform, the company announced in a blog post on Friday.

The cryptocurrency platform owned by Winklevoss twins has been regulatory approved to trade Litecoin.

Litecoin can be deposited into the Gemini account beginning from Saturday, October 13, 9:30 am EDT onwards. Trading of the coin will begin on Tuesday, October 16, 9:30 am EDT onwards.

LTC trading pairs will be available against the other 3 cryptocurrencies. LTC can be traded against US Dollar as well.

Since Gemini has been holding high standards of “banking compliance and judiciary obligations,” it has been easy for the platform to get an approval to trade with Litecoin. Moreover, Gemini works with a policy of “security-first”, and have worked closely with the New York State Department of Financial Services (NYSFDS) to gain approval for Litecoin trading and custody.

“We are excited to provide our customers with a safe, secure, and compliant method to buy, sell, and store these digital assets. Customers leveraging Gemini’s API functionality can see our updated symbol list here,” said Eric Winer, VP of Engineering, Gemini in the blog post.

The blog post also mentioned that Gemini wanted to announce support for Bitcoin Cash (BCH), but due to uncertainty within the Bitcoin Cash community about one or more possible hard forks arriving in the middle of November, it went unannounced.

“Some of those forks lack the replay protection feature that would be required for Gemini to safely support Bitcoin Cash. Because of this situation, we are delaying our launch of Bitcoin Cash deposits, withdrawals, and trading until late November, after the forks have passed and we can evaluate the health of the Bitcoin Cash ecosystem,” said Winer.

The platform also offered its heartfelt gratitude towards market and regulators.

See Also:

Litecoin [LTC] technical analysis and price prediction 2018, 2020

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