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Gemini announced the intention to offer litecoin trading on October 16th. & Nbsp; Credit: Getty Royalty Free
New York Gemini is the last exchange to offer litecoin trading, the asset of the alternative protocol (altcoin) that many consider bitcoin's younger brother.
This development could provide an advantage for the litecoin price, which has benefited in the past from being listed on the main exchanges such as Coinbase. & Nbsp;
The digital currency previously climbed 10% in one day after the rumors that Coinbase would have added altcoin to its GDAX bag, according to CoinDesk.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
While the exchange already had revealed during the Litecoin summit which planned to support the litecoin starting from Saturday 13 October, it clarified This morning this is when & nbsp; investors will be able to deposit the digital currency in their accounts.
The actual negotiation of litecoin, however, will not start until 9:30 am EDT today. 16.
The exchange, managed by Cameron and Tyler Winklevoss on Facebook, revealed that it will start offering the following currency pairs:
- LTC / USD
- LTC / BTC
- ZEC / LTC
- LTC / ETH
Eric Winer, Gemini's vice president of engineering, wrote on the blog post that the exchange had partnered with the New York State Department of Financial Services (NYSDFS) to get approval for Gemini to offer both custody and litecoin.
Gemini's decision to list litecoin is the last sign of adoption for the digital currency, which is available for trading on various exchanges, including Bitfinex and Binance.
Disclosure: I own some bitcoins, bitcoin money and & nbsp; ether.
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Gemini announced the intention to offer litecoin trading on October 16th. Credit: Getty Royalty free
Gemini, based in New York, is the last exchange that offers litecoin trading, the alternative asset of the protocol (altcoin) that many consider bitcoin's younger brother.
This development could provide an advantage for the litecoin price, which has benefited in the past from being listed on the main exchanges such as Coinbase.
The digital currency previously climbed 10% in one day after the rumors that Coinbase would add the price to its GDAX bag, according to CoinDesk.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
While the exchange already had revealed during the Litecoin summit which was expected to support litecoin starting on Saturday 13 October, he clarified this morning that this date is when investors will be able to deposit the digital currency in their accounts.
Actual litecoin trading, however, will not start at 9:30 EDT on 16 October.
The exchange, managed by Cameron and Tyler Winklevoss on Facebook, revealed that it will start offering the following currency pairs:
- LTC / USD
- LTC / BTC
- ZEC / LTC
- LTC / ETH
Eric Winer, Gemini's vice president of engineering, wrote on the blog post that the exchange had partnered with the New York State Department of Financial Services (NYSDFS) to get approval for Gemini to offer both custody and litecoin.
Gemini's decision to list litecoin is the last sign of adoption for the digital currency, which is available for trading on various exchanges, including Bitfinex and Binance.
Disclosure: I own some bitcoins, bitcoin money and ether.
