Litecoin Cryptocurrency News
Litecoin Trading Couples Listed on Gemini
Winklevoss cryptocurrency fund already supports BTC, ETH and ZEC.
Cryptocurrency Exchange Gemini has just announced a list of Litecoin (LTC) pairs exchanges next month. The news was announced at the first annual summit of the Litecoin Foundation held in San Francisco, California on September 14th and 15th.
The suspects were around for a few days before the summit, due to a certain tweet from Gemini suggesting that a pair of LTC trading was coming to the exchange founded by Tyler and Cameron Winklevoss. The confirmation has just arrived a couple of days ago.
Eric Winer, Gemini's Vice President of Engineering, was the man in charge of announcing the good news for the Crypto community. "We are pleased to announce that Gemini will launch Litecoin's support starting October 13, 2018!" He said, with great enthusiasm of Litecoin users and supporters.
The introduction of cryptocurrency trading pairs is provided as part of the moves and actions taken regarding (probably) Gemini's biggest announcement yet: the Gemini dollar (GUSD), a stablecoin quoted in USD which also tries to overthrow the anchored USD – but more popular – Tether (USDT) being "the world's first regulated stablecoin".
Worthy of note, the date chosen to list the LTC exchange pair on Gemini deliberately matches Litecoin's seventh birthday, adding more excitement to the announcement.
The Market Reaction
As stated above, the announcement was welcomed with honors by The Litecoin community, and therefore, the market reacted accordingly: a sudden surge from $ 53.34 to $ 58 , 44 – an increase of 9.5% – in just about 5 hours this September 14th, starting at 11:04 UTC. recovery time, however, the cryptographic asset exchanges two points down: $ 56.70. Its market capitalization has also raised 400 million during the period of hype, which is worth noting, corresponds to the time when Winer made the announcement.
Follow TokenTops on Twitter to stay informed about new articles, cryptocurrency news, ICO ads and price forecasts and analysis.
Legal Disclaimer: Please note that trading, buying or any other type of investment in cryptocurrencies must be considered risky and may lead to the loss of all the money invested. For more information, visit the Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decision. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage or inconvenience caused by reliance on information published or linked to tokentops.com. We believe that everyone should do their own in-depth research on the particular topic in various sources before making any financial decision and this person should be solely responsible for the result. Our writers do their best to remain impartial and do not actively support any project. The research is conducted with various sources, the predictions are based on their beliefs, analytical skills, experts and community discussions and are intended to transmit only general information.