Gemini Exchange to Add Litecoin Support

News and Analysis

New York-based cryptocurrency exchange Gemini is set to add Litecoin (LTC) trading pairs. The announcement came during the Litecoin Summit in San Francisco, and according to the Litecoin Foundation, LTC will be listed for trading on Gemini on October 13.

As detailed in another Litecoin Foundation’s tweet, the news was confirmed by Eric Winer, Gemini’s VP of Engineering, during the discussion panel at the summit.

The exchange’s official Twitter account confirmed the upcoming Litecoin listing as well:

“We are pleased to announce Gemini will be launching Litecoin support starting October 13th, 2018!” said Eric Winer.

Litecoin Foundation has noted that October 13 is also Litecoin’s birthday.

The news came just days after Gemini announced that it has launched the Gemini dollar (GUSD), a new stable coin pegged to the U.S. dollar designed to be the bridge between the cryptocurrency ecosystem and the traditional payment system.

Gemini, which was founded in 2014 by the Winklevoss brothers, currently offers direct U.S. dollar fiat trading pairs for Bitcoin (BTC), Ethereum (ETH) and Zcash (ZEC), in addition to licensed custodian services.

With market cap of $3.39 billion, LTC is currently ranked 7th at CoinMarketCap. At press time, the cryptocurrency’s price is 8.37 per cent up, changing hands at around $58.5.

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