Investors will soon be able to trade litecoin on the Winklevoss brothers-founded cryptocurrency exchange Gemini.
The exchange announced Friday that it would soon enable deposits and trading for litecoin, adding the early bitcoin spin-off to its existing offerings of bitcoin, ethereum and zcash.
The listing has been approved by the New York State Department of Financial Services, Winer continued, noting that Gemini is "Held to the highest standards of banking compliance and fiduciary obligations" under the regulator's watch.
Gemini takes a "Security-first" approach and has been "Working closely" with the NYDFS to gain approval for litecoin trading and custody services, he said.
The exchange's clients can begin depositing litecoin into their accounts as of 13:30 UTC on Saturday, Oct. 13.
Full trading will begin three days later, at the same time on Tuesday, Oct. 16, according to the post.
Litecoin will be offered in trading pairs against USD, bitcoin, ether and zcash.
Separately, Winer said Gemini originally intended to announce support for bitcoin cash as well as litecoin, but said "Uncertainty" around one or more hard forks which may occur mid-November meant they had shelved the plan for now.
"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."
Customers may still see "Coming soon" graphics on bitcoin cash-related pages on the Gemini platform as a result.
Gemini Adds Litecoin Trading With New York Watchdog Approval
에 게시 됨 Oct 12, 2018
by Coindesk | 에 게시 됨 Coinage
Coinage
이 기사에서 언급
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.