Major Exchanges Support Litecoin Alongside Bitcoin — Charlie Lee
Every major trading platform began to support Litecoin, along with bitcoin, after this cryptocurrency was added to the listing of Gemini crypto exchange, Charlie Lee, the token’s creator, tweeted.
Ever since MtGox announced Litecoin support in 2013 and failed to deliver, I've been on a mission to get LTC added to exchanges to help increase liquidity.— Charlie Lee [LTC] (@SatoshiLite) October 16, 2018
With the launch of LTC on Gemini today, every single major Bitcoin exchange supports Litecoin. Mission accomplished! pic.twitter.com/6jvSyvsKdm
Since the MtGox exchange added Litecoin to its listing in 2013, the goal of Charlie Lee was to increase Litecoin’s liquidity and make major crypto exchanges list this crypto. Lee believes that he achieved his goal when LTC was listed on Gemini.
According to CoinMarketCap as of 06:40 (UTC), October 17, Litecoin ranks seventh with a market capitalization of $3.16 billion and a value of $53.93. The trading volume is $291.3 million for the last 24 hours. Litecoin is being traded in 400 crypto and fiat pairs on many exchanges, including Bithumb, Huobi, Binance, HitBTC, OKEx, and others.
Previously, Charlie Lee stated that Litecoin is one of the most liquid cryptocurrencies, and its network has the greatest security level. More than $150 million were spent on hardware protecting Litecoin. According to Lee, it’s useless to hack the network, because the equipment of miners cannot cope with it and can simply be devalued.
In August 2018, the creator of Litecoin assured the community that he had no intentions to acquire LTC tokens, as this could provoke a conflict of interest. Lee sold all of his assets at the end of 2017, when the price for Litecoin reached $370, therefore, he was criticized by the cryptocommunity. In September, the LTC price reached its lowest level of $47.67.