Specializing in the sale of cryptocurrency futures British platform Crypto Facilities will add support for derivatives on the basis of Litecoin (LTC). It is reported by CoinDesk.
Denominated in United States dollars urgent financial instrument will be launched on Friday, June 22. Investors can open long or short position on Litecoin-futures with a weekly, monthly and quarterly expires.
According to the CEO of the company Crypto Facilities Timo Slifer, the decision to launch a new product was due to “high demand from customers.”
“We are convinced that our dollar-denominated LTC-futures improve price transparency, liquidity and efficiency of the cryptocurrency market”, — he added.
Not spared this event the Creator of Litecoin Charlie Lee. He noted that new tools on the basis of the “digital silver” will be attracted to the cryptocurrency market institutional investors, will bring liquidity and “will make it easier to log in to Litecoin and exit”.
Recall that a month ago marketplace for Crypto Facilities has added support for futures for Ethereum. Representatives of the company expect that in this quarter the trading volume of ETH-derivatives will reach $150 million.
Source
