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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.

Updated May 9, 2023, 3:10 a.m. Published Jul 22, 2020, 1:30 p.m.

U.S.-based crypto custodian Anchorage has added support for litecoin (LTC), the eighth-largest cryptocurrency by market capitalization.

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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.)

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

Litecoin Custody Services Anchorage

Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.