British service trade, digital assets, Crypto Facilities will launch futures contracts for litecoin (LTC). This became known on Wednesday, the update service will be available from Friday, June 22.
Through innovation, investors will be able to enter into futures contracts, both short and long positions, with other cryptocoins as the underlying asset. The repayment period can be a week, month, and quarter.
The head of the Crypto Facilities Slifer Timo (Timo Schlaefer) explained that the company decided on the expansion of the service, seeing active customer demand for futures litecoin. Slifer believes that futures contracts with the underlying asset in the form expressed in dollars of the cost of LTC will make the cryptocurrency market more liquid will increase its effectiveness and transparency of prices.
Agree with him and the Creator of litecoin Charlie Lee (Charlie Lee). He added that the opening of futures trading in LTC for institutional investors can indeed increase the liquidity of the cryptocurrency and simplify people’s access littoinen.
Recall that a month earlier, the Crypto Facilities has announced the launch of futures contracts on Ethereum (ETH). According to the company, this move will help investors expand their investment opportunities and to ensure effective risk management. Crypto Facilities expect a large volume of trading of futures contracts on an Ethereum — about $150 million for the current quarter, or 10% of the total trading volume on the platform. Before the service was already available the futures trading on bitcoin and Ripple XRP.
Note that the exchange rate litecoin is now experiencing significant fluctuations. A week ago the price of bitcoin has fallen to $93, which made up 48% from its may high of 182$. At the time of publication it was trading at a price of $98.5 per. Experts predict lidoine drop to $80, before that, however, does not exclude the possibility that the rate of the token once again overcome the psychological barrier of $100.
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