Coindesk Logo

Gemini Exchange Plans to Add More Crypto Tokens

Gemini Exchange Plans to Add More Crypto Tokens

Gemini Exchange Plans to Add More Crypto Tokens

Litecoin and bitcoin cash are logical candidates for inclusion this year, Tyler Winklevoss said.

Litecoin and bitcoin cash are logical candidates for inclusion this year, Tyler Winklevoss said.

Litecoin and bitcoin cash are logical candidates for inclusion this year, Tyler Winklevoss said.

AccessTimeIconMar 8, 2018, 8:00 PM
Updated Aug 18, 2021, 8:26 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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 image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.