Last week Gemini announced that it would be supporting Litecoin as a token on its platform. This week, the altcoin will be available officially for trading.
In case you missed the news last week, cryptocurrency trade exchange Gemini is going to be offering for Litecoin.
The trading of the Bitcoin hardfork will commence tomorrow 16th October at 09h30 EDT.
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 (@GeminiTrust) October 12, 2018
Further detailed in a post by the VP of engineering at Gemini Eric Winer, users could start depositing Litecion into their Gemini accounts over the weekend. Winer explained:
“Litecoin (LTC) is the fourth digital asset available on the Gemini platform, joining Bitcoin, Ether, and Zcash. As a result, we will be offering the following new trading pairs and services”
With regards to other tokens, Winer also stated that the team had planned to announce Bitcoin Cash support at the same time as the Litecoin announcement. He explained that the controversial Bitcoin Cash has been receiving a great deal of uncertainty within the altcoin’s community:
There has been much uncertainty lately within the Bitcoin Cash community about one or more possible hard forks arriving in mid-November. 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.”