Gemini Prepares to Launch Litecoin Trading, Delays Bitcoin Cash Listing
We are pleased to announce that @litecoin (LTC) is now available on Gemini! Starting tomorrow, we will begin accepting Litecoin deposits, and trading will open across all currency pairs on Tuesday. For more information, please visit our blog on @Medium https://t.co/it5xuF9Hr5
— Gemini (@Gemini) October 12, 2018
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.
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.