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Monday, 20 August 21:32 (GMT -05:00)



Foreign exchange market

UK to Start Litcoin Futures Trading


Starting from tomorrow, international investors will be limited only to buying Bitcoin futures. The thing is, on June 22nd, a UK-based crypto futures platform named Crypto Facilities launches Litecoin futures.
 
In particular, it is reported that investors will be able to purchase long and short futures on Litecoin with 3 expiration periods – 1 week, 1 month, 3 months (1 quarter).
 
The CEO of Crypto Facilities underlined that this decision had come as a response to the increasingly high demand for this cryptocurrency. He is convinced that the Litcoin contracts pegged to the U.S. Dollar are going to contribute to increased transparency of the entire global market of cryptocurrencies.
 
Founder of Litecoin Charlie Lee assumes that introducing Litecoin futures will make the cryptocurrency more attractive for institutional investors and increase its liquidity while simplifying user interaction with Litecoin.
 
Crypto Facilities already launched Bitcoin, Ethereum and Ripple futures earlier this month. This means that this platform offers the futures on 4 out of 6 most popular digital currencies out there.

 

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