On Friday (14 September 2018), digital asset exchange Gemini, which was founded in 2014 by Cameron and Tyler Winklevoss, announced that it was going to add Litecoin trading pairs next month.
The news, which was announced by Eric Winer, Gemini’s Vice President of Engineering, while he was speaking on stage on Day 1 of Litecoin Summit 2018, organized by the Litecoin Foundation, and held 14-15 September 2018 in San Francisco.
Eric Winer of @GeminiDotCom, Hada Katz Rosen of @SimplexCC and @danielesesta of @ztxrepublic chatting with @SkyCorridors at the Litecoin Summit.
Live stream at https://t.co/ffwPBDBPzX #LTCSF18 pic.twitter.com/l2TFuRSVId
— Litecoin Foundation (@LTCFoundation) September 14, 2018
“We are working on adding Litecoin” – Eric Winer of @GeminiDotCom 🙌
— Litecoin Foundation (@LTCFoundation) September 14, 2018
What made this announcement even more interesting was the fact that this listing would occur on Litecoin’s seventh birthday (the Litecoin network went live on 13 October 2011):
“We are launching Litecoin support on October 13th.”🙌 – Eric Winer of @GeminiDotCom
That's also Litecoin's birthday!🎂
— Litecoin Foundation (@LTCFoundation) September 14, 2018
We first heard about Gemini’s plans to list Zcash (ZEC), Bitcoin Cash (BCH), and Litecoin (LTC) via a report in Forbes on 14 May 2018. The report said that, the New York Department of Financial Services (NYDFS), which had just given approval to Gemini to list Zcash, had confirmed to Forbes that Gemini would also receive approvals for Bitcoin Cash and Litecoin, although no dates were given by Gemini for when support for these two cryptocurrencies would go live.
This announcement from Gemini came just four days after the exchange launched its own fully dollar-collateralized stablecoin, the Gemini dollar (GUSD).
According to data from CryptoCompare, Litecoin, the seventh most valuable cryptocurrency by market cap ($3.23 billion), is currently trading around $55.49, down 3.75% in the past 24-hour period.
Featured Image Courtesy of Gemini Trust Company
