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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.
U.S.-based crypto custodian Anchorage has added support for , 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 , ether (ETH), 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.)
Also read: The Litecoin Foundation Helped Produce a Horror Movie – Here’s the Trailer
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The inclusion could attract fresh passive inflows from index-tracking funds, while the firm's stock tanked 95% from its peak over the past year.
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- SharpLink will join the Russell 2000 and Russell 3000 indexes effective June 29.
- The company held nearly 873,000 ETH, worth roughly $1.8 billion at current prices.
- The inclusion comes as many digital asset treasury firms have slowed or halted crypto purchases.
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