Gemini has officially announced the addition of Litecoin (LTC) to its cryptocurrency exchange. Starting Tuesday, October 16, traders will have access to four LTC trading pairs. Deposits will open earlier on Saturday, October 13.
Litecoin Trading Pairs and Features
Litecoin will be paired with:
- USD (daily auction at 4:00 PM ET)
- BTC (continuous and block trading)
- ETH (continuous and block trading)
- ZEC (continuous and block trading)
👉 Discover how Gemini’s regulated platform enhances crypto trading security
A Milestone for Litecoin
The listing coincides with Litecoin’s 7th anniversary (October 13), marking seven years since Charlie Lee launched its open-source client. This move reinforces LTC’s position as a pioneer in the crypto space.
Bitcoin Cash (BCH) Listing Postponed
Gemini initially planned to list Bitcoin Cash (BCH) alongside Litecoin but delayed the decision due to upcoming hard fork uncertainties in mid-November. The exchange now targets a late November launch pending network stability.
Why the Delay?
- Potential hard forks could split the BCH network.
- Gemini prioritizes regulatory compliance and user safety.
Litecoin: Gemini’s Fourth Listed Cryptocurrency
Gemini, founded by the Winklevoss twins, now supports:
- Bitcoin (BTC)
- Ethereum (ETH)
- Zcash (ZEC)
- Litecoin (LTC)
👉 Explore institutional-grade crypto trading with Gemini’s secure platform
Regulatory Leadership
Gemini operates under the New York State Department of Financial Services (NYSDFS), adhering to strict banking compliance and custodial standards. The exchange emphasizes:
- Security-first expansion
- Transparency with regulators
- Retail and institutional trust
Market Impact
Following the announcement, Litecoin’s price rose from $52.78 to $53.51, reflecting positive market sentiment.
FAQ Section
Q: When can I start trading LTC on Gemini?
A: Trading begins October 16; deposits open October 13.
Q: Why did Gemini delay Bitcoin Cash?
A: Uncertainties around November’s potential hard forks prompted the delay.
Q: What makes Gemini different from other exchanges?
A: It’s one of the most regulated platforms, complying with NYSDFS standards.
Q: How does Gemini ensure security?
A: Through bank-level compliance, regular audits, and close regulator collaboration.
Q: Will Gemini add more cryptocurrencies soon?
A: While unconfirmed, the exchange focuses on safe, incremental listings.
Q: How does Litecoin’s anniversary relate to the listing?
A: The timing highlights LTC’s longevity and Gemini’s recognition of its stability.
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