You Can Now Trade Litecoin on the Ethereum Blockchain With Kyber
The Kyber Network, a decentralized, on-chain cryptocurrency exchange, has just listed the Ethereum-compatible pLTC token — a new cross-chain token developed by pTokens project. Similar to other “pTokens”, pLTC token aims to unlock cross-chain decentralized finance, or DeFi, liquidity by connecting the underlying asset to any blockchain.
Shane Hong, marketing manager at Kyber Network, explained that the new token listing enables users to utilize yet another asset for decentralized finance on Ethereum. Hong added that users can also trade pLTC against any other token supported by Kyber, including pBTC.