Back in March, it was announced that Litecoin (LTC) had been added on San Francisco-based GDAX, the Coinbase owned trading platform for advanced users. Now, officially announced today, the popular U.S. digital asset exchange has made LTC available on its regular retail exchange and wallet service.
Capabilities for LTC will now include direct conversions to fiat, buying/selling and transferring on and off the exchange. Litecoin has been marching upwards in price since the end of March, more than doubling as Chinese buyers fled bitcoin and talk of SegWit activation started to become serious.
Ankur Nandwani, Product Manager at Coinbase said:
“We are pleased to announce that Coinbase is adding support for Litecoin. Customers can now easily buy, sell, send, and store Litecoin via the Coinbase website or mobile apps. This is part of our shift to supporting more types of digital assets over the coming year. To get started, visit the “Buy/Sell” page on Coinbase.com or tap on “Buy” or “Sell” options in our iOS or Android apps.”
“At Coinbase, our mission is to create an open financial system for the world. We’re paving our path to that goal by creating the most trusted and easiest way to buy/sell digital currency. With the addition of Litecoin, one of the most trusted and popular digital currencies, we are moving one step closer to our goal.”