Crypto Custodian Anchorage Adds Litecoin Support

U.S.-based crypto custodian Anchorage has added support for LTC$95.18, 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 BTC$111,102.02, ether ETH$4,007.54, BCH$522.85 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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