Gemini Prepares to Launch Litecoin Trading, Delays Bitcoin Cash Listing


Gemini, the cryptocurrency exchange founded by the Winklevoss twins, will list Litecoin (LTC) Saturday after receiving approval from the New York State Department of Financial Services (NYSDFS).

According to the announcement, Gemini has gained approval for Litecoin trading and custody services, and will soon offer a safe, secure and fully compliant method to buy, sell and store LTC. Full trading will be live on Tuesday with USD, BTC, ETH, and ZEC pairs.

Gemini notes that it originally planned to list Bitcoin Cash (BCH) with Litecoin, but were forced to delay due uncertainty surrounding the BCH community, as there is a potential for one or more hard forks in the near future.

“Some of those forks lack the replay protection feature that would be required for Gemini to safely support Bitcoin Cash. Because of this situation, we are delaying our launch of Bitcoin Cash deposits, withdrawals, and trading until late November, after the forks have passed and we can evaluate the health of the Bitcoin Cash ecosystem,” said the Gemini team.

The listing of Litecoin comes roughly a month after the Litecoin Foundation, the team responsible for the development and ecosystem around the coin, first revealed it was in talks with Gemini to bring LTC to the exchange.

BCH and LTC are currently ranked 4th and 7th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Litecoin Is Now Available on Gemini!

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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