Gemini cryptocurrency exchange, owned by the Winklevoss brothers, will soon provide its users with the ability to trade Litecoin.
In the near future, cryptocurrency trading platform Gemini will support deposits and trade Litecoin (LTC). This coin will be added on a par with Bitcoin, Ethereum, Zcash for and other cryptocurrencies are available for trading on the exchange.
Vice president of engineering at the firm, Eric Winer, reported that this decision was accepted in connection with intention of the trading platform to support the future of the financial sector and to provide a safe and controlled environment for innovation and protecting customers.
Winer noted that Litecoin has successfully passed the listing in the New York State Department of Financial Services. He also did not forget to mention the Gemini exchange, which, according to him, very seriously addressing security issues, adherence to all banking and fiduciary obligations, as well as cooperating with regulators.
Exchange customers were able to make deposits in Litecoin on October 13. Full trading will begin on October 16. Litecoin will be offered in currency pairs with the US dollar, Bitcoin, Ethereum and Zcash.
Eric Winer said:
"Gemini was originally going to add support for another digital currency ― Bitcoin Cash. However, the uncertainty regarding one or more hard forks, scheduled for mid-November, has forced us to postpone the implementation of this idea. Some of those forks lack the replay protection feature that would be required for Gemini to safely support Bitcoin Cash. Therefore, making deposits, withdrawals and trading Bitcoin Cash will be impossible until we don't check the state of the his ecosystem. Most likely, it will happen at the end of November."