UK Crypto Facilities announces Litecoin-dollar futures contracts

Posted 20 June, 2018

UK's Crypto Facilities, the platform for crypto futures trading, has announced a launch of a litecoin derivative product.

As the company stated, the new service will involve trading of USD-LTC futures. The launch date is reportedly slated for this Friday. As a result, investors will become able to sell or buy futures contracts under which LTC comes as IM with weekly, monthly and quarterly maturities.

The company CEO said that the decision to expand services seeing good demand for LTC contracts.

"We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets," he commented.

At the same time, the founder of LTC stated that with such expansion LTC will become available to larger number of institutional investors and more people will get easier access to the coins, as the news reportrs read. Moreover, he added that "the new product would increase cryptocurrency's liquidity".

Notably, the company has added the product following the launch of ETH-based futures contracts. As reported CoinDesk citing the company spokesperson, Crypto Facilities believes ETH futures trading may reach some $150 million in Q3.

Previous story

20 June, 2018 17:23

← Cryptocurrencies weaker given new hack in South Korea

Prices for cryptocurrencies have decreased in the middle of the week following the recent reports about the new hack in South Korea. On the Bifinex, the leading coin, Bitcoin, changed hands at $6,746; Ethereum decreased to some $532 on this platform. Ripple was priced at 0.54289 and Litecoin – 98.360. South Korea-based trading platform Bithumb was hacked today and lost $31.5 million of different coins.

Cryptocurrencies weaker given new hack in South Korea

Next story

20 June, 2018 13:45

Crypto miners to face steep electricity prices in Quebec →

Quebec is reportedly considering the ways to cope with soaring power demand from crypto miners and while then, this sector will face extra high electricity prices. The local regulator Regie de l’energie enabled Hydro-Quebec to boost the costs almost 3-fold to some 15 cents KWh for blockchain companies. Notably, the new tariffs are unlikely to cover the existing consumers (some 120 MW in total).

Crypto miners to face steep electricity prices in Quebec
Write a comment
 
Prove you’re not a bot + 8 = 21