Cryptocurrency trading platform Bitstamp has announced the launch of Litecoin (LTC) trading that will be paired with BTC, EUR and USD.
The trading platform also announced that it is exploring the benefits of the Lightning Network in a move to offer customers with the highest level of security possible, and have implemented multisig Litecoin wallets.
“With Litecoin being the first major blockchain to pass the Segregated Witness (SegWit) technical upgrade, we decided it was time to enable Litecoin here at Bitstamp and to start exploring the possibilities the Lightning Network offers. It is for these reasons, and the frequent requests we have received from our customers to introduce LTC trading, that made it the standout choice,” the release stated
Litecoin was first released in 2011 and is now fourth among the blockchain assets with market cap of $2.3 billion at press time. As Litecoin has activated Segregated Witness, this might help pave way for the introduction of new technologies such as the Lightning Network that grows the potential of what can be achieved on the Litecoin network.
Bitstamp is partnering with BitGo in order to implement a multisig Litecoin wallet. The company intends that this collaboration will provide the best possible security to its customers. Litecoin full trading functionalities are available on the trading platform now and the company said that it is working around the clock to make sure that LTC trading will be available soon on Bitstamp mobile Android and iOS.
