Luno, a top cryptocurrency exchange in South Africa and Nigeria, has announced that they will add Litecoin (LTC) next week.
Litecoin will be added to the Luno exchange on May 11, with trading commencing on May 12. It will be the fifth cryptocurrency to be listed on the exchange.
“We can confirm that LTC will go live to all customers on the 11th of May. Customers will be able to create their LTC wallets, send/receive, and use instant buy/sell. The exchange will be in post-only mode on Monday 11th, and will be in full post mode on Tuesday 12th May.” – a member of the Luno Africa team said.
Luno is very popular in Nigeria and South Africa and has recently entered the Ugandan market. Also, Luno is the most popular exchange in Malaysia.
Litecoin has gained relatively low adoption on the African continent as a handful of exchanges support it, and there is very little community around it. However, this new addition might give Litecoin a boost in presence on the continent.
Litecoin is a cryptocurrency launched in October 2011. It has been branded as a quicker version of bitcoin and is currently the 7th highest cryptocurrency by market cap.
Charlie Lee, the lead developer, is an MIT graduate and former employee of Google and Coinbase. In the past few days, Litecoin has recorded up to 7% gains as cryptocurrencies see an uptrend.
You might also like:
- Best Ways To Buy Litecoin – 2020 Ultimate Guide
- Top Litecoin Faucets – Earn Litecoin (LTC) For Free
- How To Buy Litecoin in Nigeria
The post Popular Exchange in Africa, Luno Is Adding Litecoin In May appeared first on BlockNewsAfrica.
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!