Coinbase, the largest cryptocurrency exchange in the United States, has announced that it is adding XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as collateral options for loans.
Litecoin has outperformed the Bitcoin and Ethereum blockchains in such a key economic metric as transaction volume. According to on-chain data, the Litecoin blockchain processes internal transfers whose total value exceeds its market capitalization of $6.2 billion by 250%.
The cryptocurrency Litecoin was trading at $94.95 at 16:21 GMT on the Investing.com Index on Friday, marking a 10.06% increase for the day. This was the sharpest daily gain for the cryptocurrency since July 19.
Litecoin (LTC) was trading at $87.72 at 18:30 (15:30 GMT) on Monday, according to Investing.com, down 10.91% for the day — marking its largest single-day decline since November 3.
A new wave of crypto ETFs may be hitting the market this week. Exchange-traded funds for Solana (SOL), Litecoin (LTC), and Hedera (HBAR) have appeared on U.S. exchange listings ahead of their scheduled launch on Tuesday.
Litecoin was trading at $117.24 at 03:24 (00:24 GMT) on Thursday on the Investing.com Index, up 10.10% for the day. This marked the sharpest daily gain for the cryptocurrency since July 19.
At 9:42 PM (6:42 PM GMT) on Monday, Litecoin was trading at $111.22, according to the Investing.com index, down 10.08% on the day. This marked the largest single-day decline in the cryptocurrency’s value since April 6.
Litecoin was trading at $131.36 at 06:02 (03:02 GMT) on the Investing.com Index on Wednesday, up 10.02% for the day. This marked the sharpest daily increase in the cryptocurrency since July 19.
Pharmaceutical company MEI Pharma has purchased 929,548 Litecoin (LTC) worth $100 million, becoming the first publicly traded U.S. company to adopt Litecoin as its primary treasury reserve asset.
The cryptocurrency Litecoin was trading at $119.85 at 10:55 PM (7:55 PM GMT) on the Investing.com Index on Monday, marking a 10.01% gain for the day. This was the strongest daily increase for Litecoin since July 19.
MEI Pharma Inc. has completed a $100 million private placement to fund a treasury strategy centered on Litecoin, becoming the first publicly traded company on a national exchange to hold LTC as its primary reserve asset.
While most retail investors are focused on the top 20 cryptocurrencies, the 21st-largest asset by market cap — Litecoin (LTC) — is increasingly attracting institutional interest. The total Litecoin holdings of investment firm Grayscale recently surpassed $2.1 million.
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