Reading Time
~ 2 minutes
Spread the Word

American famous crypto exchange Gemini is set to add support for Litecoin (LTC), as indicated by Charlie Lee during the Litecoin Summit.

Recently, popular cryptocurrency celebrity Charlie Lee was invited to join CNBC’s “Fast Money” segment to talk about the San Francisco Litecoin Summit, organized between 14 and 15 September 2018.

Asked by CNBC’s crypto expert Brian Kelly about the information Charlie Lee wants to share with the event’s attendees, Litecoin founder elaborated:

I would like for people to focus on the technology, adoption, merchant adoption and also how to scale. So things like the Lightning network, sidechains, and things that would help Bitcoin and Litecoin scale… And I think with the price currently depressed, it’s a good time for people to sit down and have their head down and actually working to get stuff done.”

Gemini to list Litecoin (LTC)

Now that the summit is over, let’s have a look on things disclosed during the event. One of them indicated that famous US-based Winklevoss’ crypto project will soon add Litecoin (LTC) to its portfolio of crypto assets, more precisely on 13th October 2018.

The announcement was made on the stage by Eric Winer, Gemini’s VP of Engineering. His words were:  “We are working on adding Litecoin… we are pleased to announce Gemini will be launching Litecoin support starting October 13th, 2018!

Surprisingly, the day Gemini lists LTC corresponds with Litecoin’s 7th birthday, as stated in Litecoin Foundation’s tweet. This detail led to a wave of questions.

Regardless of the fact that no information was revealed before the summit, the crypto community assumed such a move sooner or later by Gemini, due to its approval from the New York Department Of Financial Services in May that gave the platform the green light to add ‘Bitcoin Cash (BCH), Litecoin (LTC), and most notably, ZCash (ZEC).’

Following the announcement, Litecoin’s coin value reached the maximum of $ 58.20 on 15th September. Currently, LTC is traded at $56.10 and has a market cap of $3,272,211,993.

Read more articles related to this subject:
Notice: The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.