Litecoin [LTC] USD markets open on Bittrex; current adoption


On September 12th, Bittrex, one of the largest cryptocurrency exchanges in the world, extended its support to the seventh largest cryptocurrency, Litecoin [LTC]. Bittrex recently opened the USD market on its platform and began to mate USD with several other cryptocurrencies before Litecoin, such as Cardano [ADA] and Zcash [ZEC]. In its official announcement on Twitter, the platform wrote:

"We are pulling out more USD pairs." On September 17, we are launching the US Dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible Bittrexes created prior to September 4 are eligible for trading in USD. "

When Bittrex enabled USD markets on its platform, it offered its customers the opportunity to exchange USD or opt for services. relating to deposit and withdrawal also. However, one can only be a customer in Bittrex if it belongs to the areas in which the platform operates, based on the suitability criteria of the Bittrex customer. These places are New York, Washington State and Montana.

Under the recent developments of Litecoin, cryptocurrency has taken Bitcoin in the use of SegWit and is close to 50% of total use. The creator of Litecoin, Charlie Lee tweeted the news of the same, showing the SegWit usage data compiled by a Twitter handle called Blockchair.

No more than a week ago, the Litecoin Lightning Network also received the support of Casa Lightning Node. The integration is scheduled for the end of this year in order to improve the payments that take place on the Litecoin network, in terms of speed and efficiency.

When it comes to the recent obsession with the bear in the cryptocurrency market, Litecoin is no exception. Among other altcoins, Litecoin also suffered intense damage and has not yet recovered. Currently, cryptocurrency is down 2.86% in the last 24 hours. At the time of printing, LTC traded at $ 50.34 with a market capitalization of $ 2.9 billion and a trading volume of $ 244.7 million.

Randy DGB, a cryptocurrency user and a follower of Bittrex commented:

"I can not use your site for purchases in USD because I live in PA. I hope this changes soon."

Another keen of blockchain and an apparent investor of cryptocurrency, Armondo Bilancione asked:

"This is great news .. But when will it arrive on MD?"

Joe S, a Twitterati and a follower of Bittrex also stated:

"I have an idea! Supports and lists some of these forks instead of destroying your customers over and over again.If you want cryptography to be successful in the long run, do your part and help out instead of letting everyone die" [19659013] Follow us on Telegram | Twitter | Facebook

  Priyamvada Singh

Priyamvada is a full-time journalist at AMBCrypto. A graduate in journalism and communication at Manipal University, she believes that blockchain technology is a revolutionary tool for advancing the future. Currently, it has no value in cryptocurrencies.

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