Crypto Custodian Anchorage Adds Litecoin Support

The U.S.-based crypto custody provider has added support for litecoin, the eighth-largest cryptocurrency by market capitalization.

Jul 22, 2020 at 1:30 p.m. UTC
Updated Sep 14, 2021 at 9:34 a.m. UTC

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.
  • Tuesday, 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.)
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