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Litecoin (LTC) Hits Major Milestone at Start of 2025: Details
In a significant development, Litecoin has reached a new milestone as the year 2025 kicks off. As reported by U.Today, the cryptocurrency’s price surged by an astonishing 12% in the last seven days, with its current value standing at $113.51.
This remarkable growth can be attributed to the recent announcement by Coinbase, a prominent digital currency exchange, that it has increased Litecoin’s reserve requirement by a staggering 10,950%. This move is expected to significantly bolster Coinbase’s aspirations to launch perpetual futures in Europe, further solidifying its position as a leading cryptocurrency trading platform.
Furthermore, Fidelity Investments, one of the world’s largest asset managers, revealed in July 2024 that it has added Litecoin support and custody to its institutional trading platform. This development marks a significant milestone for the cryptocurrency, as it joins Bitcoin and Ethereum as part of the offerings available on the platform.
It is worth noting that the opinions expressed here are not investment advice; they are provided for informational purposes only.
Source: u.today
