Share this article
Gemini Exchange Plans to Add More Crypto Tokens
Litecoin and bitcoin cash are logical candidates for inclusion this year, Tyler Winklevoss said.
By Leigh Cuen
Updated Sep 13, 2021, 7:39 a.m. Published Mar 8, 2018, 8:00 p.m.
Make us preferred on Google
Cameron and Tyler Winklevoss said they hope to add more digital currency options to their Gemini Exchange in 2018, possibly including bitcoin cash and litecoin.
The twins made this announcement on Thursday at an event hosted by Cboe Global Markets Inc., Bloomberg reported. The Chicago futures exchange uses Gemini’s pricing data for bitcoin contracts, and it would need Gemini’s help to start offering derivatives for other cryptocurrencies. According to a previous report by Bloomberg, Cboe COO Chris Concannon has said:
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"You look at the entire crypto space and you look at what other products have the liquidity and the notional size, a derivative makes sense."
Already, executives at LedgerX are planning for more upcoming contracts in 2018, possibly including ethereum futures.
In the meantime, Gemini, which currently lists bitcoin and ethereum, could add support for other blockchain-based assets. Some possible additions "are from the Satoshi Nakamoto family tree – bitcoin cash, litecoin," Tyler Winklevoss said, according to the Bloomberg article.
Gemini users have been able to withdraw airdropped bitcoin cash since October 2017, without any options for purchasing or selling such tokens. As of Thursday morning, OnChainFX estimated this cryptocurrency sold for roughly $1,077.28 per token.
With regards to litecoin, Tyler Winklevoss has reportedly described it as a popular "testnet" for bitcoin, the godfather of digital currencies. OnChainFX estimated litecoin prices surged 4,402 percent over the past year.
Business miniatures image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Binance to shift $1 billion user protection fund into bitcoin amid market rout
Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
What to know:
- Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
- The exchange has pledged to replenish the fund to $1 billion if bitcoin price swings cause its value to fall below $800 million.
- Binance framed the change as part of its long-term industry-building efforts.
Top Stories
