On 12 September, a New York-based cryptocurrency platform, Gemini Exchange commented on a written request from a Twitter user on one of his posts. Here, the user requested information on the listing of Litecoin [LTC] on Gemini. To this, the official Twitter handle of Gemini Support responded, stating that it will soon bring LTC to its platform. Gemini wrote:
"We listen to you! LTC is on track, we have already received the regulatory approval to be listed and we will be sure to let everyone know once it is available for trading."
of twins was founded in 2014 by the brothers Winklevoss, Cameron and Tyler Winklevoss. Recently, the twins have launched the native cryptocurrency of the platform called Gemini Dollar [GUSD] which is believed to be the link between the current cryptocurrency ecosystem and the traditional payment system.
At the start of this year, the Winklevoss brothers also made efforts to raise the cryptocurrency markets by drawing up a Bitcoin ETF [exchange-traded funds] and appealing to the US Securities and Exchange Commission [SEC] to pass the same. However, this attempt was unsuccessful as the regulatory agency denied the ETF for several reasons related to investor protection and security.
The biggest indication for a successful adoption of Litecoin is the recent partnership with TokenPay, where it has managed to buy a stake in a German bank called WEG Bank AG. This was an agreement in which Charlie Lee, the creator of Litecoin, joined the TokenPay development team to direct the projects.
[ŁTC] Lv28CoinWarrior, the Twitter manager of a cryptocurrency enthusiast commented:
"I like to use Gemini to create a fiat BTC and ETH purchases / exchanges
I would really like the LTC to be enabled, so I can use Gemini for fiat-> LTC.
The question is there, if everything is fine, rather than giving this biz to other exchanges, let it happen already !! "
tommix2, another passionate about blockchain on Reddit also stated:
"PLS do not tell me that this is why they now rise to the stars LTC ?!"
With GUSD, the Winklevoss brothers aim to penetrate the idea of the first regulated stable currency in the market of cryptocurrencies. Moreover, the intention is also to trigger greater adoption as it is likely that the currency will attract institutional participation.
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