Coinbase Wallet officially supports Litecoin, and the market value of spicy snacks exceeds 1 billion US dollars

Coinbase Wallet has officially supported the digital currency Litecoin, and before that, Coinbase's digital asset exchange GDAX also supported Litecoin transactions.

In general, this new development has a significant boost for Litecoin, a long-established digital currency. Recently, Litecoin has attracted much attention for adopting the Segregated Witness (SegWit) solution. With the implementation of Segregated Witness, Litecoin may apply other technical upgrades, such as the Lightning Network.

In its statement, Coinbase positioned the integration of Litecoin as part of a larger strategy, explaining:

“At Coinbase, our mission is to create an open financial system for the world, and we’re paving the way toward that goal by creating the most trusted, easiest way to trade digital currencies.”

However, Litecoin is unlikely to be the last blockchain token added by Coinbase, which continues:

“This integration represents just one part of our transformation to support even more types of digital assets over the coming year,” the company said.

As of press time, the price of Litecoin on P network has reached 145 yuan, which has increased by 35.5% compared with the lowest price of 107 yuan in the past 24 hours. The market value of Litecoin has also exceeded the 1 billion US dollar mark in one fell swoop.