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, includinglike bitcoin, ether, bitcoin cash and XRP, as well as dollar-backed stablecoins like TrueUSD, Paxos standard, and USDCoin.
- Litecoin, forked from Bitcoin in 2011 by founder Charlie Lee, is one of the oldest cryptocurrencies.
- Anchorage cited its liquid market and sizeable group of institutional investors interested in both trading and investing as reasons for adding the cryptocurrency.
- Just yesterday, Grayscale Investments, a crypto asset investment and management firm, announced that 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.
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