Crypto Custodian Anchorage Adds Litecoin Support

Crypto Custodian Anchorage Adds Litecoin Support

LTC News

crypto-custodian-anchorage-adds-litecoin-support

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.)

Disclosure

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.

https://www.coindesk.com/crypto-custodian-anchorage-adds-litecoin-support

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