On September 12, one of the largest and most popular digital currency trading platforms in the world – Bittrex – extended its support to Litecoin (LTC) – the seventh largest digital currency in the world by market cap. The trading platform recently opened a U.S dollar (USD) market on its platform and it kicked off by paring USD with Litecoin (LTC) and several other digital currencies such as Zcash (ZEC) and Cardano (ADA).
Bittrex Opens USD Markets
When the exchange enabled the U.S dollar markets on its platform, it provides its users the option to either trade U.S dollar or opt for services related to withdrawals and deposits also. Nevertheless, according to Bittrex’s customer eligibility criteria, you can only be a customer of the trading platform if you base in the areas the firm operates in. These areas are Montana, Washington State, and New York.
The Recent Developments of Litecoin (LTC)
Recently, Litecoin (LTC) overtook Bitcoin (BTC) in the usage of Segregated Witness (SegWit) and it is approaching a total usage of 50 percent. Charlie Lee – the creator of Litecoin (LTC) – tweeted the news, showing the data on SegWit usage compiled by Blockchair.
About two weeks ago, Casa Lightning Node provided support for Litecoin Lightning Network. The integration is said to occur later this year with the purpose of improving the transactions carried out on the Litecoin (LTC) network, in terms of efficiency and speed.
Nevertheless, over the past weeks, the digital currency market has been hunted by the bears, and a lot of digital currencies have declined drastically. Litecoin (LTC) is no exception, as it has also seen a massive cut-off in its value.
Litecoin (LTC) Price Today – LTC / USD
At the press time, Litecoin (LTC) is changing hand at $53 after an increase of about seven percent over the past twenty-four hours. The current market cap of the digital currency is $3.06 billion and its trading volume over the past twenty-four hours is $298.11 million.