Connect with us

Altcoins

Litecoin [LTC] is on its way to get listed on Gemini exchange, confirms the platform

Priyamvada Singh

Published

on

Litecoin [LTC] is on its way to get listed on Gemini exchange, confirms the platform
Source: Pixabay

On 12th September, a New York-based cryptocurrency platform, Gemini Exchange commented on a request written by a Twitter user on one of its posts. Here, the user inquired about the listing of Litecoin [LTC] on Gemini. To this, the official Twitter handle of Gemini Support replied, stating that it is soon to bring LTC to its platform. Gemini wrote:

“We hear you! LTC is on it’s way, we’ve already received regulatory approval to list, and we will be sure to let everyone know once it’s available for trading.”

Gemini exchange was founded in 2014 by the Winklevoss brothers, namely, Cameron and Tyler Winklevoss. Recently, the twins launched the native cryptocurrency of the platform called Gemini Dollar [GUSD], which is believed to be the link between the current, fast-paced cryptocurrency ecosystem and the traditional payment system.

Earlier this year, Winklevoss brothers also made efforts to uplift the cryptocurrency markets by drafting a Bitcoin ETF [exchange-traded funds] and appealing to the US Securities and Exchange Commission [SEC] to pass the same. However, this attempt could not succeed as the regulatory body denied the ETF for several reasons related to investor protection and security, among others.

The biggest indication towards a successful adoption for Litecoin is its recent partnership with TokenPay, where it managed to buy a stake in a German bank called WEG Bank AG. This was a deal where Charlie Lee, the creator of Litecoin joined TokenPay’s development team to head the projects.

[ŁTC]Lv28CoinWarrior, the Twitter handle of a cryptocurrency enthusiast commented:



“I enjoy using Gemini for making fiat to BTC and ETH purchases/trades.
Really wish LTC would be enabled, so I can use Gemini for fiat-> LTC.
Demand is there, if everything is in place, rather than gift this biz to other exchanges, Let it happen already!!”

tommix2, another blockchain enthusiast on Reddit also stated:

“PLS dont tell me this is the reason why now LTC skyrockets?!”

With GUSD, the Winklevoss brothers aim to penetrate the idea of the first regulated stable coin in the cryptocurrency market. Furthermore, the intention is also to trigger more adoption as the coin is likely to attract institutional participation.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

Published

on

By

John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending