Crypto Facilities Set to Launch Litecoin Futures Trading

London-headquartered cryptocurrency trading and index providing platform Crypto Facilities is launching a Litecoin derivative product.

According to the official announcement, the new investment instrument will allow traders to bet on both long and short selling of the digital asset and will go live on June 22 at 4 pm BST.

Commenting on the listing of the first LTC-USD future instrument, Timo Schlaefer, the CEO of Crypto Facilities, said: “We are excited to be launching futures on Litecoin, one of the most widely traded Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. There has been strong client demand for this product and we believe our LTC-Dollar futures contracts will increase price transparency, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, and efficiency in the cryptocurrency markets. As digital assets continue to mature, we expect to see a greater number of institutional investors entering the marketplace.”

Litecoin founder Charlee Lee is also optimistic about the future of the coin with the derivative listings as it will expose the coin to institutional investors. “This will add to the liquidity of Litecoin and make it easier for people to get in and out of Litecoin,” Lee added.

Crypto Facilities introduced Litecoin-based futures contracts barely a month after listing a similar instrument for Ethereum. The platform also offers other derivative options of digital assets, including Bitcoin and Ripple.

Ambitious plans

According to Coindesk, Crypto Facilities is expecting the trading volume of its Ethereum futures contracts to reach around $150 million in this quarter.

Moreover, to provide liquidity to the clients, the British exchange turned to Sensus Markets. Kyle Davies, co-founder of Sensus Markets, commented: “Sensus Markets is excited to contribute to the growth and success of Crypto Facilities and the firm’s widely traded cryptocurrency futures products. As an active liquidity provider of 20+ digital assets, we believe the market will embrace the launch of a well planned and strategically executed Litecoin futures product.”