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litecoin he is known as Bitcoin's younger brother.
The founder of Litecoin, Charlie Lee, he believes in Bitcoin but also believes that Bitcoin will grow to become a store of value as gold because of its small number of total supply. The total supply of Bitcoin is 21 million, but Litecoin's total offer is 84 million.
Litecoin's vision is to be the cryptocurrency used for daily payments – like the legal currencies we have today – while Bitcoin itself plays the role of gold today.
Litecoin is a famous currency with a good community. Many of the best exchanges like Binance, Coinbase, Huobi, KuCoin, OKEx, we already sell Litecoin. Litecoin is often an addition needed for crypto-cryptographic exchanges as it is often required.
List of Twins
Gemini is a centralized exchange of cryptocurrencies that focuses on fiat-to-crypto exchanges. The US dollar is accepted on the platform and can be used to exchange any available cryptocurrency. Currently, the cryptocurrencies available on Gemini are Bitcoin, Ethereum and Zcash. Zcash is a new addition to the exchange and has trading pairs with BTC, ETH and USD.
Now, Gemelli has announced the addition of Litecoin to its platform. Starting October 13, you can deposit LTC in a Gemini account and trade will start on October 16th.
Litecoin has 4 trading pairs: USD, BTC, ETH and ZEC.
Gemini defines itself as the exchange and custodian of the most regulated cryptocurrencies. Its operations are overseen by the New York State Department of Financial Services (NYSDFS).
Gemini also plans to announce support for Bitcoin Cash, but due to the current uncertainty about the status of the cryptocurrency and the tendency to have to undergo another fork early, the team is holding back its plans.
What will the list of twins for the LTC price mean?
It is not a new trend that the value of cryptocurrencies increases significantly when they are added to a large exchange.
This trend has been seen in recent times with the addition of 0x to Coinbase Proand the addition of ETC at Coinbase. In both cases, the price of cryptocurrencies has become significantly higher.
It is almost certain that the same will happen for Litecoin as it is quoted on Gemini. However, there are sometimes wild price swings even during the listing period, which can generate or burn a cryptotransfer.
While the crypto-bear market continues to linger, cryptic investors who want to survive must carefully manage trading risks.
Conclusion
The addition of Litecoin on Gemini gives a boost to the Litecoin community.
Moreover, with the Gemini exchange structured to embrace institutional investors, Litecoin is positioned to become widely recognized in the institutional space.
Cryptocurrencies are here to stay. While traditional adoption it may take some time, platforms like exchanges help speed up its popularity. This is important as the industry develops into one that could turn money as we know it today.
reported: How to buy Litecoin (LTC)
