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Litecoin trading pairs to be listed on Winklevoss-led Exchange - Litecoin (LTC) News. Sunday, September 16

16 september 2018, 22:39 by Jesús S. Affigne

Litecoin Cryptocurrency News

Litecoin trading pairs to be listed on Gemini

The Winklevoss-led cryptocurrency exchange already support BTC, ETH and ZEC.

Cryptocurrency exchange Gemini has just announced the listing of Litecoin (LTC) trading pairs next month. The news was made known at the Litecoin Foundation’s First Annual Litecoin Summit held on September 14 and 15 in San Francisco, California.

The suspicions have been around for some days prior to the summit, due to a certain tweet by Gemini that suggested that a LTC trading pair was on its way to the exchange founded by Tyler and Cameron Winklevoss. The confirmation just arrived a couple of days ago.

Eric Winer, Gemini’s Vice President of Engineering, was the man in charge of announcing the good news for the crypto community. "We are pleased to announce Gemini will be launching Litecoin support starting October 13th, 2018!” he said, much to the excitement of Litecoin users and supporters.

The introduction of cryptocurrency exchange pairs comes as part of the movements and actions taken in regards of (probably) Gemini’s biggest announcement yet: the Gemini dollar (GUSD), a USD-pegged stablecoin that seeks to overthrow the also USD anchored – but more popular – Tether (USDT) by being “the world’s first regulated stablecoin.”

Noteworthy, the date chosen for listing LTC exchange pair on Gemini purposely matches with Litecoin’s seventh birthday, thus adding more excitement to the announcement.

Market’s reaction

As stated above, the announcement was met with praise by the Litecoin community, and thus, the market reacted accordingly. A sudden spike from $53,34 to $58,44 – a 9,5% increase – in just about 5 hours this September 14, starting at 11:04 UTC. At press time, however, the crypto asset is trading two points down – $56,70. Its market cap also raised 400 million during the time of hype, which is worth noting, matches the moment Winer made the announcement.

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