In a twitter announcement back in mid September, the team at the Gemini exchange had notified the crypto community that they were working on listing Litcoin (LTC) on the platform. The tweet went on to explain that support for LTC would become available as early as today, October 13th. The full tweet can be found below.
LIVE from the @LTCFoundation Litecoin Summit, “We are pleased to announce Gemini will be launching Litecoin support starting October 13th, 2018!” –@eric_winer #LTCSF18 #tothemoon pic.twitter.com/TqTjJjk7q4
— Gemini (@GeminiTrust) September 14, 2018
Trading To Commence on the 16th of October
The exchange which is owned by the Winkelvoss twins, has since got the necessary approval from the New York State Department of Financial Services (NYDFS) to offer trading services for Litecoin. In the announcement by the VP of Engineering at Gemini, Eric Winer, deposits will be available today the 13th of October. However, full trading capability will commence on the 16th. The announcement also gave the available trading pairs for the digital asset as follows:
Beginning Saturday, October 13th at 9:30am EDT you will be able to deposit Litecoin into your Gemini account. Trading will begin on Tuesday, October 16th at 9:30am EDT. Litecoin (LTC) is the fourth digital asset available on the Gemini platform, joining Bitcoin, Ether, and Zcash. As a result, we will be offering the following new trading pairs and services:
Charlie Lee Working to Make LTC great again
Back in July, the founder of Litecoin, Charlie Lee, had informed the LTC community that he was doing all he can to make Litecoin great again. His exact statement was as follows:
I’m trying my best to get LTC to $400 so people like you will stop shitting on me all the time. Who abandoned LTC?!
Since then, we have seen the Litecoin foundation sealing a critical partnership with Token Pay. The partnership included the Litecoin Foundation owning the 9.9% at the WEG Bank that was previously owned by Token Pay. The two firms agreed on working towards the common goal of eventually issuing crypto backed debit cards.
With the Gemini exchange supporting LTC, things are looking up for the digital asset.
What are your thoughts on the future of Litecoin? Will LTC return to its days of glory in the markets? Please let us know in the comment section below.
[Image courtesy of CNBC.com]
Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.