Gemini Exchange Plans to Add More Crypto Tokens

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:

"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 imagevia Shutterstock

08.03.2018 / 12:05 77
Shares in Square Inc. Receive Boost From Old Crypto News Shares in Square Inc. Receive Boost
Shares in Square Inc. are rising once again. This time, however, there seems to be little news from the company themselves to justify such investor
Marshall Islands Plans To Launch National Cryptocurrency And ICO, Govt Officials Report Marshall Islands Plans To Launch
The Pacific nation the Marshall Islands is all but set to launch its own state-issued cryptocurrency via an ICO, which will circulate alongside the
Crypto All-Stars Turn Out for 'Truth Machine' Book Premiere Crypto All-Stars Turn Out for 'Truth
There seems to be an audible buzz. It's been a long, hard game. Three players, all above six-feet tall, look to their coach. "Downtown" Josh Brown
Cryptocurrency Market Recovers as Bitcoin, Ethereum, et al. Spike 20% Cryptocurrency Market Recovers as
After experiencing a 2-day slump during which the price of most cryptocurrencies including bitcoin, Ethereum, Ripple, and Bitcoin Cash declined
Ethereum, Litecoin Prices Headline $20 Billion Altcoin Rally Ethereum, Litecoin Prices Headline $20
The cryptocurrency markets achieved another comprehensive advance on Tuesday, but breaking from recent norms the bitcoin price was not leading
Litecoin to Complement Bitcoin as Payments Currency: Founder Charlie Lee Litecoin to Complement Bitcoin as
Charlie Lee Cryptocurrency-fueled scams seem to keep Litecoin founder Charlie Lee up at night, based on a report in Business Insider. Lee, who is an
Comments (0)
Add a comment
Comment on