Crypto Custodian Anchorage Adds Litecoin Support


Jul 22, 2020 at 13:30 UTCUpdated Jul 22, 2020 at 13:49 UTC

Anchorage CEO Nathan McCauley (CoinDesk archives)

U.S.-based crypto custodian Anchorage has added support for litecoin (LTC), the eighth-largest cryptocurrency by market capitalization.

  • Institutional investors can now store and trade litecoin from Anchorage’s platform.
  • The Visa-backed company now supports 27 cryptocurrencies, including bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and XRP, as well as dollar-backed stablecoins like TrueUSD, PAX and USDC.
  • Litecoin, forked from Bitcoin in 2011 by founder Charlie Lee, is one of the oldest cryptocurrencies.
  • As reasons for adding the asset, Anchorage cited LTC’s liquid market and a sizeable group of institutional investors interested in both trading and investing.
  • Just yesterday, Grayscale Investments, a crypto asset management firm, announced its Litecoin Trust fund had cleared a regulatory hurdle and will now be quoted on over-the-counter markets with the ticker LTCN. (Grayscale is owned by CoinDesk’s parent firm, Digital Currency Group.)


The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

The post Crypto Custodian Anchorage Adds Litecoin Support appeared first on BTC Ethereum Crypto Currency Blog.

Source link

I show You how I made $1,006 from $100, then $257,000 from $1,006 with Bitcoin and cryptocurrencies!