The bitcoin exchange GDAX (Coinbase) has informed about its new trading instrument – Litecoin (LTC), available now for the traders, keen on larger variety of them.
This is not a shock, as the traders expected such a step after Charlie Lee, the LTC creator, mentioned this possibility to add Litecoin to GDAX on Tuesday on Twitter like:
“tomorrow’s going to be a good day.”
Actually, Lee wokrs now for Coinbase and many of such hints came out even before. Nevertheless, this rumour seemed to be more solid as those before when the company announced it was adding Ethereum to the exchange.
GDAX published on its blog on Wednesday:
Litecoin trading is now available on GDAX. […] Charlie Lee, Director of Engineering at Coinbase, developed Litecoin in 2011. Since then, Litecoin has become one of the most widely traded digital assets and continues to attract strong trader and investor interest worldwide.
Brian Armstrong, the CEO of Coinbase, so also of its exchange GDAX said:
“Yes! LTC is now live on GDAX.”
After adding Ethereum to the exchange, Ehter showed an increase in price as traders wanted to take advantage of it and everyone counted on such jump in price. Now, these news helped also the cryptocurrency to jump of around 10% with an increased volume of trading on other exchanges as well.
So now you can find following LTC trading instruments on GDAX: LTC/USD and LTC/BTC. As expected, the USD markets are for US residents only and LTC/BTC markets will be supported for all GDAX customers.
Lee was naturally very motivated when he could see his Litecoin being traded on the GDAX exchange. He added:
“Today’s a great day! Litecoin trading is now live on GDAX!”
The Litecoin Foundation released its roadmap and the price value has seen a few spikes over the past few months. But as always, first optimism about LTC after being added to GDAX may fade away over the next weeks. Nevertheless, this is going to help the cryptocurrency for sure and motivate the community to trade with LTC even more.
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