PlayIconNav
BTC
$67,896.19+2.57%
ETH
$3,264.36+2.43%
BNB
$580.04+1.26%
SOL
$182.88+6.04%
XRP
$0.59993488-0.88%
DOGE
$0.13389939+5.62%
CD20
$2,291.28+3.39%
TON
$6.70+0.99%
ADA
$0.41667594+5.09%
TRX
$0.13759003+1.18%
AVAX
$28.74+5.17%
WBTC
$67,979.39+2.75%
Ad
Finance

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.

By Omkar Godbole
AccessTimeIconJul 22, 2020 at 1:30 p.m. UTC
Updated May 9, 2023 at 3:10 a.m. UTC
Anchorage CEO Nathan McCauley
Anchorage CEO Nathan McCauley

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.)
VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • Also read: The Litecoin Foundation Helped Produce a Horror Movie – Here’s the Trailer

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.