Gemini recently announced that Litecoin is to be the latest cryptocurrency to be supported on the platform.
The news broke out last week, that the digital currency will now be offering Litecoin on its exchange.
On the 19th of October, the trading of the Bitcoin hard fork will begin.
You see the tweet where the announcement was made here:
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) 12 October 2018
Moreover, in a further post by Eric Winder of the VP of engineering at Gemini, users can now begin to deposit Litecoin into the Gemini accounts over the weekend.
Winer went on to say:
“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 other tokens in mind, Winer went on to say that the team had planned to announce the support for Bitcoin Cash during the same time as the Litecoin announcement. However, he explained that with the Bitcoin Cash controversy had been on the receiving end of a great deal of uncertainty for the altcoin community.
According to Coininsider, he went on to say:
“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.”