NASdaq backs Litecoin (available on Coinbase): The NASdaq exchange, one of the largest exchanges in the United States, has announced its support for several cryptocurrencies. One of these cryptos is Litecoin (available on Coinbase) (LTC), making the latest in Litecoin (available on Coinbase) news.

NASdaq Backs Litecoin (available on Coinbase) (LTC)

Crypto exchanges appear to be profiting and the NASdaq exchange no doubt wants in. The exchange would be smart not to miss out on the opportunity of catching the newer investors looking for cryptocurrencies.

Once the NASdaq exchange had decided it wanted a way into crypto, it had to choose which cryptocurrencies it wanted to back. The NASdaq CEO has shown herself to be a friend of cryptocurrency, believing them to be the “right next step in the space of currency.”

NASdaq selected Litecoin (available on Coinbase) as one of the few coins it believed in. The exchange commented that it believes Litecoin (available on Coinbase) holds potential. This is partially due to the Blocknet announcement from several weeks ago that stated Litecoin (available on Coinbase) is now compatible with Blocknet. This means that Litecion has the ability for cross-chain operations, somETHing which may mean growth for the coin.

Litecoin (available on Coinbase) is also in the good books with NASdaq due to its short transaction times and low transaction fees. The fact that Litecoin (available on Coinbase) is starting to be accepted by many merchants doesn’t hurt either.

NASdaq isn’t just backing Litecoin (available on Coinbase), though. The other cryptocurrencies the exchange believes in are Stellar, for its growth potential from partnerships like IBM, and Bitcoin (available on Coinbase), because, well, Bitcoin (available on Coinbase).

Do you agree with NASdaq’s choices, or would you have selected other coins to back?