Coinut, a cryptocurrency exchange platform, has recently announced the launch of Wrapped Litecoin ($WLTC) for Ethereum decentralized finance (DeFi) applications.
This new development allows users to trade and use Litecoin on the Ethereum network, opening up more opportunities for investors in the DeFi space. Wrapped Litecoin is a tokenized version of Litecoin that is compatible with the Ethereum blockchain, enabling users to access the benefits of both Litecoin and Ethereum in one platform.
With the increasing popularity of DeFi applications, the launch of Wrapped Litecoin provides users with more flexibility and options for their investments. This move by Coinut demonstrates their commitment to providing innovative solutions for the cryptocurrency community.
Overall, the launch of Wrapped Litecoin on the Ethereum network is a significant step towards bridging the gap between different blockchain networks and expanding the possibilities for cryptocurrency users.