Lykke, a Swiss FinTech company building a regulated, blockchain-based global marketplace, has added the market-leading Litecoin cryptocurrency to its exchange, along with other digital assets, according to an announcement released today. Lykke began actively expanding its list of assets from the beginning of this month, adding more than 30 new tokens.
Litecoin is one of the top five cryptocurrencies in the world by value, with a market capitalization in excess of USD 2 billion, according to the statement. It is renowned for its faster transaction speeds relative to bitcoin and its ability to handle higher transaction volumes.
“The maturation of the Lykke Exchange continues apace with Litecoin,” said Richard Olsen, Lykke founder and CEO, in a statement. “This important expansion to our offerings brings an investment opportunity to our community on a par with Ethereum and Bitcoin. We’re especially proud of the Litecoin integration. Thanks to the modular software architecture of our platform, which provides an abstract integration layer, bringing Litecoin onto our exchange was a smooth and painless process.”
Its integration scheme enables Lykke to adapt new cryptocurrencies through partial automation, according to its statement. The integration layer handles common tasks across blockchains, including cash flow operations and client wallets, allowing incorporation of new assets on the exchange simply by deploying the appropriate software connectors.
Five additional blockchain integrations are currently in the testing phase with the support and participation of the crowdsourcing community, states Lykke.
For the most up-to-date listing of tradeable tokens and coins, visit https://www.lykke.com/cp/tokens-and-coins-traded