Good news for Litecoin as the Nasdaq exchange reveals its support behind the cryptocurrency.
Nasdaq has dabbled in showing its interest in cryptocurrency, from possibly launching a crypto exchange of its own to the CEO stating her enthusiasm for the digital currencies.
Now, Nasdaq has gone a little further, saying it’s prepared to back several cryptocurrencies.
One of those cryptocurrencies is Litecoin, which Nasdaq says it chooses to support because of the coin’s growth potential. Since becoming compatible with Blocknet, Litecoin can perform cross-chain operations.
It’s also always been a coin known for its speedy and cheap transactions, which Nasdaq also approves of.
As a result Litecoin’s price has begun growing in the past few hours.
Nasdaq has dabbled in showing its interest in cryptocurrency, from possibly launching a crypto exchange of its own to the CEO stating her enthusiasm for the digital currencies.
Now, Nasdaq has gone a little further, saying it’s prepared to back several cryptocurrencies.
One of those cryptocurrencies is Litecoin, which Nasdaq says it chooses to support because of the coin’s growth potential. Since becoming compatible with Blocknet, Litecoin can perform cross-chain operations.
It’s also always been a coin known for its speedy and cheap transactions, which Nasdaq also approves of.
As a result Litecoin’s price has begun growing in the past few hours.