OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, announced on Monday that Grayscale Litecoin Trust (OTCQX: LTCN), an investment vehicle that enables investors to gain access and exposure to Litecoin in the form of a security without the challenges of buying, storing, and safekeeping Litecoin directly, has qualified to trade on the OTCQX Best Market. Grayscale Litecoin Trust upgraded to OTCQX from the Pink market.
According to OTC Markets, Grayscale Litecoin Trust begins trading today on OTCQX under the symbol “LTCN.” OTC further revealed that the OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies.
“Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.”
OTC Markets added in order to qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.