Cyber-money bourse Gemini, which is possessed by brothers Winklevoss and headquartered in the USA, had got a right to list and trade LTC. Litecoin is the seventh most valuable crypto-asset in the world and it will be the fourth supported on the venue.
Regulators Issued an Approval For Gemini
In an official Medium blog, the vice president of engineering at Gemini Eric Winer wrote that the company has got the green light from regulators to add LTC to the platform. Thus, the trading venue’s clients can begin to deposit LTC into their venue accounts. The starting point is on October 13. The coin itself —LTC — is expected to go live a few days later, on October 16.
Litecoin will join other coins becoming the fourth listed on the exchange. In particular, it will be fourth after bitcoin, ether and Zcash. When it comes to trading in pairs, Litecoin will be available in pairs with all the above-mentioned coins and American dollar.
The VP of engineering also singled out that the exchange is experiencing various obligations in the banking and fiduciary spheres in the focus of the NYDFS — New York State Department of Financial Services. Winer also clarified that the fact that Gemini has got the right to trade Litecoin is a result of the exchange’s cooperation with the regulator. He added that Gemini does not stop putting security first in sprawling.
Another thing that the VP of engineering at Gemini revealed was that Bitcoin Cash could also have been supported this week. But because of the indeterminacy within the BCH community regarding possible hard fork the exchange concluded —postpone the embrace for Bitcoin Cash. The possible hard fork of the latter, by the way, may take place in mid-November. Gemini intends to wait for it to be able to assess the «health» of the BCH system in new conditions.
Image Source: Flickr