Gemini Has Gained The New York Watchdogs Approval To Add Litecoin To Its Listings
Gemini Trust recently tweeted an article published by Coindesk that suggests the exchange has won the approval of the New York Watchdog to add support for Litecoin; increasing their listings to four cryptocurrencies. Trading is to commence on October 13 and will allow users to sell and buy Litecoin. Gaining regulatory approval is a big milestone for Litecoin and helps them get closer to achieving their vision of being a cryptocurrency for everyday payments.
This is the fourth crypto that will be available on the platform. Gemini had revealed earlier in the month that it had secured insurance coverage with Aon, a digital assets lending service. The Winklevoss twins who own the exchange have reportedly hired advisors to expand into the UK market. This is exciting news for BC Bitcoin especially as we are the UK’s most trusted cryptocurrency broker.
Gemini is a centralised exchange that trade volumes of over $34 million daily and is ranked the 38th largest crypto exchange by CoinMarketCap. If you would be interested in trading, you can buy Litecoin here. We also have the other three cryptocurrencies on our platform so if you would like to buy Ethereum, Bitcoin or Zcash then get in touch today.
The Litecoin community will be rejoicing now that Gemini have provided their endorsement which will help the coin become more widely recognised. Gemini has been branded as one of the most regulated cryptocurrency exchanges and custodians with its operations being overseen by the New York State Department of Financial Services.