On Friday, October 12, 2018, Gemini introduced the addition of Litecoin (LTC) to its buying and selling catalog. Litecoin turns into the fourth cryptocurrency added to the Winklevoss-owned platform.
NYSDFS Approval for Litecoin Buying and selling on Gemini
Eric Winer, the platform’s VP of Engineering introduced the information by way of a put up on the corporate’s Medium account. In accordance with the announcement, prospects will be capable of deposit LTC into their buying and selling accounts from Saturday, October 13th, 2018, whereas buying and selling commences the next Monday, October 16, from 9:30 am EDT.
We’re happy to announce that @litecoin (LTC) is now obtainable on Gemini! Beginning tomorrow, we are going to start accepting Litecoin deposits, and buying and selling will open throughout all foreign money pairs on Tuesday. For extra data, please go to our weblog on @Medium https://t.co/it5xuF9Hr5
— Gemini (@GeminiTrust) October 12, 2018
With the addition of Litecoin, Gemini now boasts 4 cryptocurrencies on its buying and selling catalog. LTC will even be obtainable for buying and selling with the opposite three digital currencies — Bitcoin (BTC) zerozero, Ether, and Zcash, in addition to an LTC/USD buying and selling pair.
Whereas saying the information, Winer additionally famous the platform’s dedication to complying with the requirements set by the New York State Division of Monetary Companies (NYSDFS), saying:
Gemini continues to develop with a “security-first” method, and we now have labored carefully with the NYSDFS to realize approval for Litecoin buying and selling and custody providers. We’re excited to offer our prospects with a protected, safe, and compliant technique to purchase, promote, and retailer these digital property.
Bitcoin Money Help Postponed
The weblog put up additional revealed that Gemini deliberate to announce Bitcoin Money assist along with the addition of LTC buying and selling pairs. Nevertheless, the Winklevoss-owned platform says it can postpone such plans given the confusion over a possible BCH onerous fork coming in November.
On the time of writing this text, the announcement was only some hours previous — however there was already a slight improve in LTC value following the announcement. Litecoin is down greater than 83 % for the reason that begin of the 12 months and is presently ranked seventh based mostly on market capitalization.