Just recently the company Coinbase has decided to rebrand its exchange service by calling it “GDAX” the Global Digital Asset Exchange. Alongside this announcement the business is implementing Ether support and will enable the feature at the end of May. This news also brings good tidings to Litecoin fans as well when the digital currency’s creator Charlie Lee, who also works for Coinbase, also revealed Litecoin support is coming in the near future.
Litecoin has been around for quite some time and was released as an open-source client on October of 2011 by Charlie Lee, who forked the original Bitcoin QT. Since then the cryptocurrency has seen a significant amount of growth. For quite sometime Litecoin had the second biggest market capitalization and when Bitcoin rose to USD $1,200 per BTC it also followed suite right behind it at $50 per LTC. Currently, Litecoin has dropped in value significantly since that point in time and has even lost its second place capitalization position to Ethereum. Right now LTC is the fourth largest cryptocurrency ecosystem as far as