You are here

Korbit adds Litecoin (LTC) and is Verge (XVG) coming to Canadian exchange CornField?

two litecoins on wood background

Korbit, one of the most established South Korean exchanges, added Litecoin trading this week. The move was applauded by Litecoin founder Charlie Lee who called on Gemini to do the same. Gemini is the last remaining of the major exchanges to not offer a Litecoin option.

Gemini, founded by the Winklevoss twins, provides the Bitcoin prices used by the Cboe exchange to settle their Bitcoin futures contracts. So far it only offers trading pairs between US dollars, ETH and BTC. The Winklevoss brothers suggested last month that they were eyeing Litecoin as the next trading option for Gemini customers.

Verge to CoinField?

Vancouver-based crypto exchange CoinField has just announced that it will be adding at least 10 new coins to its trading platform. According to the exchange, the “majority of the new coins will be available for trade in Canada for the first time”. However, it will not be releasing the list until May.

According to CEO Babak Bob Ras, the exchange is “fully aware which coins are the most desirable by Canadian crypto community” and that is his team is working “around the clock to bring these new coins in Canada for the first time”. However, staying mindful of securities regulations meant that they had to “analyze and evaluate the coins to make sure the ones we are listing are ‘commodities’ as we do not list any ‘securities’ on our platform.”

CoinField already offers its Canadian customers the ability to trade Bitcoin (BTC), Bitcoin Cash (BCH), Dash, Ripple (XRP), Ethereum (ETH) and Litecoin (LTC). Considering the largest currencies by market cap, this would suggest that they are considering EOS, Cardano, Stellar, IOTA and Monero, among others. It also opens up the possibility that the exchange may be considering adding Verge (XVG), which is currently difficult to acquire in Canada.

Rumours yesterday that Binance was looking to add XVG and XRP as trading pairs against the US Dollar were squashed by the intervention of CEO Changpeng Zhao. Though the exchange was “working with banks (to support fiat)”, he said,  there were “no plans for USD in the short term”. What’s more, XVG and XRP would not be involved, at least in the near term.

Image From Shutterstock

Related posts

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.