Bitfinex Launches Litecoin Trading
Leveraged bitcoin Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Bitfinex has announced that they have added litecoin trading on their system. Account holders have access to both LTC/USD and LTC/BTC trading. In its initial launch, only unleveraged long positions will be available. This contrast with bitcoin trading which is available to short and with leverage.
At the time of announcing its intention to launch litecoin trading, Bitfinex stated:
In the last days we have seen a proliferation of new 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 ( Feathercoin, Chinacoin, Royalcoin, Yacoin ect..) that are being brought in the market, pumped up and then forgotten quickly by the community. On the other hand we think Litecoin is a case on its own, with several characteristics and features that make it pretty innovative (faster confirmation, no Asic mining etc.). Due to its long existence ( a couple of year is a pretty long period of time in the cryptocurrency world ) and an ever-growing merchant adoption, we believe Litecoin is here to stay. I'm therefore glad to announce that starting from next friday the 24th of May Bitfinex will allow Litecoin trading on its platform. It will be possible to buy Litecoins for both Bitcoins or US dollars and of course viceversa. On the first stage we will only allow typical exchange operations, that is not short them or take a leveraged position. Once the order book will build up a little (hoping this will take little time), we plan to implement also the above mentioned functions. It is our belief that offering our customers a diversified choice will allow them to increase their profit capabilities.
Leveraged bitcoin Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Bitfinex has announced that they have added litecoin trading on their system. Account holders have access to both LTC/USD and LTC/BTC trading. In its initial launch, only unleveraged long positions will be available. This contrast with bitcoin trading which is available to short and with leverage.
At the time of announcing its intention to launch litecoin trading, Bitfinex stated:
In the last days we have seen a proliferation of new 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 ( Feathercoin, Chinacoin, Royalcoin, Yacoin ect..) that are being brought in the market, pumped up and then forgotten quickly by the community. On the other hand we think Litecoin is a case on its own, with several characteristics and features that make it pretty innovative (faster confirmation, no Asic mining etc.). Due to its long existence ( a couple of year is a pretty long period of time in the cryptocurrency world ) and an ever-growing merchant adoption, we believe Litecoin is here to stay. I'm therefore glad to announce that starting from next friday the 24th of May Bitfinex will allow Litecoin trading on its platform. It will be possible to buy Litecoins for both Bitcoins or US dollars and of course viceversa. On the first stage we will only allow typical exchange operations, that is not short them or take a leveraged position. Once the order book will build up a little (hoping this will take little time), we plan to implement also the above mentioned functions. It is our belief that offering our customers a diversified choice will allow them to increase their profit capabilities.